Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Note this is the same question asked againon purpose for comparing answers, if you have already answered this question do not answer again Use the

Note this is the same question asked againon purpose for comparing answers, if you have already answered this question do not answer again

Use the six step process to determine if the proportions are equal. Place calculations for approximation of binomial with normal in Assumptions section. Be sure to include values from the Minitab output in your conclusion as shown in lecture and previous examples in this handout. Test the following at .99 Confidence level. For the conclusion show all three test techniques, critical value/critical ratio, confidence interval, and pvalue.

Many Americans spend time worrying about their bills. A survey by Fleishman-Hilliard Research for MassMutual discovered that 65% of Americans with kids say the paying bills is a major concern. This proportion compares to 58% of Americans without kids. Suppose 850 Americans with kids and 910 without kids were contacted for this study. Use the data to test a hypothesis to determine if there is any significant difference between those with kids and those without kids.

Assumptions: You will need to satisfy that the normal distribution may be used to approximate binomial distribution.

Satisfying assumption the binomial may be approximated by normal.

Using the equation below for both samples compute the answers and type them neatly on your work after the interpretation.

np10 and n(1-p) 10 for both samples.

With Kids

Without Kids

Proportion from sample saying they worry

.65

.58

Sample size or trials

850

910

Compute x the number of individuals who state they worry

X=

X=

See Page 406

Please use six step hypothesis method as well as include minitab solutions

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

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

Students also viewed these Mathematics questions