Answer :
The data does not have strong enough evidence to conclusively say that the percentage of young men living at home in your community is significantly higher than the national percentage of 59%.
Check the conditions for a normal approximation:
- [tex]\( np = 20 \times 0.59 = 11.8 \[/tex] ) (greater than 10, so this condition is met)
-[tex]\( n(1-p) = 20 \times 0.41 = 8.2 \)[/tex] (less than 10, so this condition is not met)
Since one of the conditions is not met, we use a simulation to assess the probability.
Evaluate the simulation results:
- From the simulation, we know that 446 out of 2000 samples had a sample proportion of 0.70 or higher.
- This gives us an empirical probability: [tex]\( \frac{446}{2000} = 0.223 \)[/tex] or 22.3%.
Interpret the result:
The empirical probability of obtaining a sample proportion of 0.70 or higher, assuming the true proportion is 0.59, is 22.3%.
This probability is not very low, suggesting that while a sample proportion of 0.70 is not extremely rare, it is not highly unlikely either.