Question
Sixty percent of the Americans are found to believe that business profits are distributed unfairly. A survey of 40 people in a city indicates that
Sixty percent of the Americans are found to believe that business profits are distributed unfairly. A survey of 40 people in a city indicates that 28 people believe in the unfair distribution of business profits.
Is the city survey indicating the percentage believing in unfair distribution higher than the national average at a significance level of 0.05?
What is the P-value for the city survey?
What is the minimum value of fraction believing in unfair distribution at a significance level of 0.05?
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Step: 1
Solution Given that P 60 060 x28 p4 x2 2840 x005 Hypothesis Pvalue P0 0...
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Elementary Statistics
Authors: Robert R. Johnson, Patricia J. Kuby
11th Edition
978-053873350, 9781133169321, 538733500, 1133169325, 978-0538733502
