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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Related Book For
Essential Mathematics And Statistics For Science
ISBN: 9780470694480
2nd Edition
Authors: Graham Currell, Dr. Antony Dowman
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