Suppose a random sample taken in 2016 of 900 adults between the ages of 25 and 34

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Suppose a random sample taken in 2016 of 900 adults between the ages of 25 and 34 years of age indicated that 396 owned a home. In 1984, a random sample of 900 adults in the same age group showed that 432 owned a home. At the 0.02 level of significance, is there a difference between the proportions of homeowners in 2016 and 1984 for the 25 to 34 age group?

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Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

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