Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

In a survey of 1000 American adults conducted in April 2012, 43% reported having gone through an entire week without paying for anything in cash.

image text in transcribedimage text in transcribed
In a survey of 1000 American adults conducted in April 2012, 43% reported having gone through an entire week without paying for anything in cash. Test to see if this sample provides evidence that the proportion of all American adults going a week Without paying cash is greater than 40%. 1. What is the variable of interest in this study? 2. What are the null and alternative hypotheses for this test? (2 points) 3. Check to be sure you may use Normal distribution calculations for this HT (Apply the CLT) (2 points) 4. What is the center of this hypothesis test distribution? 5. Calculate the stande error. 6. Write the notation to describe this variable's normal distribution. 7. Calculate the test statistic. 8. Draw/label/shade a curve. Be sure to include the center and statistic. (2 points) 9. Find the p-value. Indicate how you get this value on your calculator. 10. What is the conclusion of the test in context of the problem? 11. How large a sample would you need for a 95% condence interval in order to get a margin of error Within i1% using 35 = .43? (2 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Behaviour Concepts Controversies Applications

Authors: Nancy Langton, Stephen P. Robbins, Timothy A. Judge, Katherine Breward

6th Canadian Edition

978-0132310314

Students also viewed these Mathematics questions