Question
An economist believes that the proportion of U.S. households with outstanding credit card balances is greater than .70. Out of a random sample of 800
An economist believes that the proportion of U.S. households with outstanding credit card balances is greater than .70. Out of a random sample of 800 U.S. households, 591 have outstanding credit card balances. Does this sample data support the economist's belief? Use the p-value approach to hypothesis testing to address this question. (Note: 4 decimal places is sufficient).
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Real Analysis For The Undergraduate With An Invitation To Functional Analysis
Authors: Matthew A Pons
1st Edition
1461496381, 9781461496380
