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.
Step by Step Answer:
Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo