Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An economist claims that 28% of Americans are optimistic about the U.S. economy. A reporter conducts a hypothesis test at the =0.01 significance level to
An economist claims that 28% of Americans are optimistic about the U.S. economy. A reporter conducts a hypothesis test at the =0.01 significance level to test this claim. In a survey of 625 Americans, the reporter finds that 148 are optimistic about the economy. Find the value of the test statistic for this hypothesis test.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started