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According to the February 2008 Federal Trade Commission report on consumer fraud and identity theft, 23% of all complaints in 2007 were for identity theft.
According to the February 2008 Federal Trade Commission report on consumer fraud and identity theft, 23% of all complaints in 2007 were for identity theft. In that year, assume some state had 540 complaints of identity theft out of 1994 consumer complaints. Do these data provide enough evidence to show that that state had a higher proportion of identity theft than 23%? Test at the 5% level.1. np = which is ? v 2. n(1 - p) = which is ? v 3. N- which is ? If no N is given in the problem, use 1000000 N: NAME THE PROCEDURE The conditions are met to use a Select an answer T: TEST STATISTIC The symbol and value of the random variable on this problem are as follows: ? v = Leave answer as a fraction. The formula of the test statistic set up with values is as follows: (Leave any values that were given as fractions as fractions) (p - P) 2 = P(1-P) (1 - final answer from technology rounded to 2 decimal places. O: OBTAIN THE P-VALUE Report the final answer to 4 decimal places. It is possible when rounded that a p-value is 0.0000 P-value =
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