11.3.4 A report summarizes a survey of people in two independent random samples. One sample consisted of 500 young adults (age 19 to 35) and the other sample consisted of 300 parents ofchildren age 19 to 35. The young adults were presented with a variety of situations (such as getting married or buying a house) and were asked if they thought that their parents werelikely to provide financial support in that situation. The parents of young adults were presented with the same situations and asked if they would be likely to provide financial support totheir child in that situation.(a) When asked about getting married, 41% of the young adults said they thought parents would provide financial support and 43% of the parents said they would providesupport. Carry out a hypothesis test to determine if there is convincing evidence that the proportion of young adults who think parents would provide financial support and theproportion of parents who say they would provide support are different. (Use α = 0.05. Use a statistical computer package to calculate the P-value. Use Myoung adults - "parents"Round your test statistic to two decimal places and your P-value to three decimal places.)Z =P-value =State your conclusion.O We reject Ho. We do not have convincing evidence of a difference between the proportion of young adults who think that their parents would provide financial support formarriage and the proportion of parents who say they would provide financial support for marriage.○ We reject Ho. We have convincing evidence of a difference between the proportion of young adults who think that their parents would provide financial support for marriageand the proportion of parents who say they would provide financial support for marriage.○ we fail to reject Ho. We do not have convincing evidence of a difference between the proportion of young adults who think that their parents would provide financial supportfor marriage and the proportion of parents who say they would provide financial support for marriage.○ we fail to reject Ho. We have convincing evidence of a difference between the proportion of young adults who think that their parents would provide financial support formarriage and the proportion of parents who say they would provide financial support for marriage. (b) The report stated that the proportion of young adults who thought parents would help with buying a house or apartment was 0.37. For the sample of parents, the proportionwho said they would help with buying a house or an apartment was 0.27. Based on these data, can you conclude that the proportion of parents who say they would help withbuying a house or an apartment is significantly less than the proportion of young adults who think that their parents would help? (Use α = 0.05. Use a statistical computerpackage to calculate the P-value. Use Myoung adults - Mparents. Round your test statistic to two decimal places and your P-value to four decimal places.)z =P-value =State your conclusion.○ we fail to reject Ho. We have convincing evidence that the proportion of parents who say they would help with buying a house or apartment is less than the proportion ofyoung adults who think that their parents would help.We reject Ho. We do not have convincing evidence that the proportion of parents who say they would help with buying a house or apartment is less than the proportion ofyoung adults who think that their parents would help.○ We reject Ho. We have convincing evidence that the proportion of parents who say they would help with buying a house or apartment is less than the proportion of youngadults who think that their parents would help.○ We fail to reject Ho. We do not have convincing evidence that the proportion of parents who say they would help with buying a house or apartment is less than theproportion of young adults who think that their parents would help.

Question

11.3.4 A report summarizes a survey of people in two independent random samples. One sample consisted of 500 young adults (age 19 to 35) and the other sample consisted of 300 parents ofchildren age 19 to 35. The young adults were presented with a variety of situations (such as getting married or buying a house) and were asked if they thought that their parents werelikely to provide financial support in that situation. The parents of young adults were presented with the same situations and asked if they would be likely to provide financial support totheir child in that situation.(a) When asked about getting married, 41% of the young adults said they thought parents would provide financial support and 43% of the parents said they would providesupport. Carry out a hypothesis test to determine if there is convincing evidence that the proportion of young adults who think parents would provide financial support and theproportion of parents who say they would provide support are different. (Use α = 0.05. Use a statistical computer package to calculate the P-value. Use Myoung adults - &#34;parents&#34;Round your test statistic to two decimal places and your P-value to three decimal places.)Z =P-value =State your conclusion.O We reject Ho. We do not have convincing evidence of a difference between the proportion of young adults who think that their parents would provide financial support formarriage and the proportion of parents who say they would provide financial support for marriage.○ We reject Ho. We have convincing evidence of a difference between the proportion of young adults who think that their parents would provide financial support for marriageand the proportion of parents who say they would provide financial support for marriage.○ we fail to reject Ho. We do not have convincing evidence of a difference between the proportion of young adults who think that their parents would provide financial supportfor marriage and the proportion of parents who say they would provide financial support for marriage.○ we fail to reject Ho. We have convincing evidence of a difference between the proportion of young adults who think that their parents would provide financial support formarriage and the proportion of parents who say they would provide financial support for marriage. (b) The report stated that the proportion of young adults who thought parents would help with buying a house or apartment was 0.37. For the sample of parents, the proportionwho said they would help with buying a house or an apartment was 0.27. Based on these data, can you conclude that the proportion of parents who say they would help withbuying a house or an apartment is significantly less than the proportion of young adults who think that their parents would help? (Use α = 0.05. Use a statistical computerpackage to calculate the P-value. Use Myoung adults - Mparents. Round your test statistic to two decimal places and your P-value to four decimal places.)z =P-value =State your conclusion.○ we fail to reject Ho. We have convincing evidence that the proportion of parents who say they would help with buying a house or apartment is less than the proportion ofyoung adults who think that their parents would help.We reject Ho. We do not have convincing evidence that the proportion of parents who say they would help with buying a house or apartment is less than the proportion ofyoung adults who think that their parents would help.○ We reject Ho. We have convincing evidence that the proportion of parents who say they would help with buying a house or apartment is less than the proportion of youngadults who think that their parents would help.○ We fail to reject Ho. We do not have convincing evidence that the proportion of parents who say they would help with buying a house or apartment is less than theproportion of young adults who think that their parents would help.

Accepted Answer

We will use the Two- sample z- test for proportions: a. z=0.0360.41−0.43​=−0.56p-value = 0.579…