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Although Americans have a large amount of home equity, real estate wealth is becoming increasingly concentrated as overall homeownership rates fall. In 2W4, 69% of
Although Americans have a large amount of home equity, real estate wealth is becoming increasingly concentrated as overall homeownership rates fall. In 2W4, 69% of all Americans owned homes. In 2019, that number was down to $4.396. A city manager believes that 1096 of the population in their town own the house they reside in and a researcher was hired to survey the population. In a simple random sample of 213 occupied housing units, there were 160 that are owner-occupied. Use a 5% significance level to test the claim that the percentage of the population that own a house is different from 10%. Procedure: Select an answer v Assumptions: {select everything that applies) El Simple random sample I] Population standard deviation is unknown CI The number of positive and negative responses are both greater than 10 I] Population standard deviation is known I] Sample size is greater than 3D El Normal population Question Help: 8 Message instructor
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