Question
Researchers are studying rates of homeownership in certain town.They believe that the proportion of people ages 36 - 50 who own homes is significantly greater
Researchers are studying rates of homeownership in certain town.They believe that the proportion of people ages 36 - 50 who own homes is significantly greater than the proportion of people ages 21-25 who own homes and want to test this claim.
Homeowners
Renter
Total
Ages 21-35
26
74
100
Ages 36-50
67
33
100
Total
93
107
200
The results of their survey are shown in the table.How is the appropriate test statistic calculated?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
