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A report from the National Center for Education Statistics claims that more than two-thirds of undergraduates get some form of financial aid. You…

A report from the National Center for Education Statistics claims that more than two-thirds of undergraduates get some form of financial aid. You take a random sample of 400 undergraduates from the U.S. and find that 302 receive some form of financial aid. Test the claim at α = 0.05 . Use this scenario to answer questions 11-15.

11) State the alternative and null hypothesis.

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12) Calculate the test statistic.

13) Identify the p-value.

14) Make your decision.

 15) Interpret the results. 

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