A recent survey in the N.Y. Times Almanac indicated that 48.8% of families own stock. A broker

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A recent survey in the N.Y. Times Almanac indicated that 48.8% of families own stock. A broker wanted to determine if this survey could be valid. He surveyed a random sample of 250 families and found that 142 owned some type of stock.

At the 0.05 significance level, can the survey be considered to be accurate?

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Introductory Business Statistics

ISBN: 202318

1st Edition

Authors: Alexander Holmes , Barbara Illowsky , Susan Dean

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