In a Gallup poll conducted August 710, 2014, American adults aged 18 and older were asked, If
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In a Gallup poll conducted August 7–10, 2014, American adults aged 18 and older were asked, “If you were taking a new job and had your choice of a boss, would you prefer to work for a man or a woman?” Of the respondents, 33% said that they would prefer a male boss, 20% said a female boss, 46% said it would not make a difference to them, and 1% had no opinion (www.gallup.com). Suppose these results are true for the 2014 population. Recently, 1500 randomly selected American adults were asked the same question. The following table contains the frequency distribution that resulted from this survey
Test at the 1% significance level whether the current distribution of opinions is different from the 2014 distribution.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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