14.27 A random sample of 60 professional economists was asked to predict whether next years inflation rate

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14.27 A random sample of 60 professional economists was asked to predict whether next year’s inflation rate would be higher than, lower than, or about the same as that in the current year. The results are shown in the following table. Test the null hypothesis that the profession is evenly divided on the question.

Prediction Number Higher 20 Lower 29 About the same 11

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Essential Mathematics And Statistics For Science

ISBN: 9780470694480

2nd Edition

Authors: Graham Currell, Dr. Antony Dowman

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