(Solved) An article in the Wall Street Journal implies that more than half of all Americans would prefer being given $100 rather than a day off from work.
Question: An article in the Wall Street Journal implies that more than half of all Americans would prefer being given $100 rather than a day off from work. This statement is based on a survey conducted by American Express Incentive Services, in which 593 of 1,040 respondents indicated that they would rather have the $100.
- At the 0.05 level of significance, is there evidence based on the survey data that more than half of all Americans would rather have $100 than a day off from work?
- Compute the p-value and interpret its meaning.
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