39. Economy. In 2008, a Gallup Poll asked 2336 U.S. adults, aged 18 or over, how they...
Question:
39. Economy. In 2008, a Gallup Poll asked 2336 U.S. adults, aged 18 or over, how they rated economic conditions. In a poll conducted from January 27 through February 1, 2008, 24% rated the economy as Excellent/Good. A recent media outlet claimed that the percentage of Americans who felt the economy was in Excellent/Good shape was, in fact, 28%.
Does the Gallup Poll support this claim?
a) Test the appropriate hypothesis. Find a 95% confidence interval for the sample proportion of U.S. adults who rated the economy as Excellent/Good. Check conditions.
b) Does your confidence interval provide evidence to support the claim?
c) What is the significance level of the test in b? Explain.
Step by Step Answer:
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe