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1. A study reported in the Wall Street Journal found that of 899 home-based businesses, 369 were women-owned. This raises the question; do men or
1. A study reported in the Wall Street Journal found that of 899 home-based businesses, 369 were women-owned. This raises the question; do men or women own an equal number of home-based businesses? a) In terms of proportions, state the appropriate null and alternative hypotheses and explain in words what they mean. b) Define the acceptance and rejection region if a level of significance of 0.05 is selected. You first have to decide if you can use the normal distributions to approximate the sampling distribution of proportions. c) Calculate the sample test statistic using the formula: 2 = PTT P(1-P) 71 d) Decide whether to accept or reject the null hypothesis. If the p-value were calculated to be 7.9064E-08, would you accept or reject the null hypothesis? e)
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