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In 2019 the economy was growing well, creating jobs and raising incomes. However, the lockdowns in reaction to the pandemic did serious damage to the
In 2019 the economy was growing well, creating jobs and raising incomes. However, the lockdowns in reaction to the pandemic did serious damage to the economy. A Gallup survey asked a random sample of American adults this question: "Would you rate your financial situation today as excellent, good, only fair, or poor." The responses were recorded as 1 = Excellent/Good; 0 = Only Fair/Poor. Can we infer that there are fewer American adults who rated the economy as excellent or good than Americans who rated the economy as only fair or poor? Use 5% level of significance for your analysis
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