Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

It is believed that the proportion of women in the real estate profession is 65%. A local real estate group believes that this percentage is

It is believed that the proportion of women in the real estate profession is 65%.

A local real estate group believes that this percentage is higher.

The real estate group chooses a random sample of 80 real estate agents and found that 54 are female.

They carry out a test of significance at the 10% level to test this claim.

What is the appropriate conclusion?

Select one:

a.

There is not enough information given to complete the problem.

b.

The percentage of women in the real estate profession is significantly higher than 65%.

c.

Reject H0. Evidence shows that the percentage of women in the real estate profession is higher than 65%.

d.

Do not reject H0. There is not enough evidence to show that the percentage of women in the real estate profession is higher than 65%.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Calculus Single Variable

Authors: Howard Anton, Irl C Bivens, Stephen Davis

11th Edition

1118885686, 9781118885680

More Books

Students also viewed these Mathematics questions

Question

1. What does this mean for me?

Answered: 1 week ago