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In 2000, National data suggested that 26% of all U.S. businesses were owned by women. In 2009, a consulting firm surveyed a random sample of
In 2000, National data suggested that 26% of all U.S. businesses were owned by women. In 2009, a consulting firm surveyed a random sample of 700 U.S. businesses and found that 28% of them were owned by women. Is this evidence of an increase in the percentage of businesses that are owned by women in the U.S?
Write your hypothesis on a separate sheet of paper and perform the test.
Find the P-value for the test and, based on your P-value, what should be your decision forH0.
Due to the different methods, round your P-value to 2 decimal places.
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