Final answer:
The test statistic for the significance test to determine if the proportion of homes with high-speed internet access in the county has changed from 80% is calculated using the 1-Proportion Z-test, which yields a test statistic (Z) of -1.00.
Step-by-step explanation:
The market researchers are using hypothesis testing to determine if the proportion of homes with high-speed internet access in the county has changed from the previously reported 80%. With a random sample of 64 homes where 48 have high-speed internet, we can perform a hypothesis test using the 1-Proportion Z-test.
To calculate the test statistic, we use the formula:
Z = (p-hat - p0) / sqrt(p0(1-p0)/n)
where p-hat is the sample proportion, p0 is the hypothesized population proportion, and n is the sample size.
In this case, p-hat is 48/64 = 0.75, p0 is 0.8, and n is 64.
The test statistic (Z) is therefore calculated as:
Z = (0.75 - 0.8) / sqrt(0.8*0.2/64) = -1.00
The test statistic of -1.00 can now be used to determine the p-value or to compare against critical values of the Z-distribution at the desired significance level to reach a conclusion in the hypothesis test.