Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The US Census Bureau reports that 26% of all U.S business are owned by women. A Colorado consulting firm surveys a random sample of
The US Census Bureau reports that 26% of all U.S business are owned by women. A Colorado consulting firm surveys a random sample of 410 businesses in the Denver area and finds that 115 of them have women owners. Should the firm conclude that the Denver area is unusual? Test an appropriate hypothesis and state your conclusions. a) State the appropriate null and alternative hypotheses: Hop=0.26 Hap [Select] 0.26 b) Test your hypotheses and make and justify a statistical decision using the significance level of 5%: p-value (rounded to 3 decimal places): [Select] decision: [Select] c) Interpret your decision in the context of the problem: Conclusion: There [Select] owners are women. evidence to [Select] the claim that the Denver area is unusual in how many business
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started