A random sample of 60 professional economists was asked to predict whether next year's inflation rate would

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A random sample of 60 professional economists was asked to predict whether next year's inflation rate would be higher than, lower than, or about the same as that in the current year. The results are shown in the following table. Test the null hypothesis that the profession is evenly divided on the question.
Prediction Number
Higher ............20
Lower ............29
About the same .......11
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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