A recent article in USA Today reported that a job awaits 33% of new college graduates. The major reasons given were an overabundance of college graduates and a weak economy. A survey of 200 recent graduates from your school revealed that 80 students had jobs. At a 99% level of confidence, can we conclude that a larger proportion of students at your school have jobs?
(a) State the null and alternate hypothesis. (b) Determine which distribution to use for the test statistic, and state the level of significance. (c) Calculate the necessary sample test statistics (d) Draw a conclusion and interpret the decision.