Assume that according to a survey, a majority of Canadian households have tried to cut long-distance phone

Question:

Assume that according to a survey, a majority of Canadian households have tried to cut long-distance phone bills. Of those who have tried to cut the bills, 32% have done so by switching long distance companies. Suppose business analysts believe that this figure may be higher today. To test this theory, an analyst conducts another survey by randomly contacting 80 Canadian households that have tried to cut long-distance phone bills. If 39% of the contacted households say they have tried to cut their long-distance phone bills by switching long-distance companies, is this result enough evidence to state that a significantly higher proportion of Canadian households are trying to cut long-distance phone bills by switching companies? Let α = 0.01.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics For Contemporary Decision Making

ISBN: 9781119577621

3rd Canadian Edition

Authors: Ken Black, Ignacio Castillo

Question Posted: