Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The proportion of households with pets is estimated to be 85%. The proportion of 200 investigated households with pets is 0.78. Is this providing evidence

The proportion of households with pets is estimated to be 85%. The proportion of 200 investigated households with pets is 0.78.

Is this providing evidence that the 85% estimate is incorrect? Test at 95% confidence level.

Hint: This is a hypothesis test. You need to calculate the test statistic and compare it with the critical value to make your decision and conclusion.

Select one:a. Yes, since the test statistic is smaller than the left critical valueb. Yes, since the test statistic is more then the positive critical valuec. No, since the test statistic is larger than the left critical valued. No, since the test statistic is less than the positive critical value

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

Macroeconomics

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

6th Canadian Edition

321675606, 978-0321675606

Students also viewed these Mathematics questions