Whenagovernmentdoesnothaveenoughmoneytopayfortheservicesthatitprovides,it can raisetaxesoritcanreduceservices.WhentheFloridaPollaskedarandomsampleof1200 Floridians whichtheypreferred,52%(624ofthe1200)chose raisetaxes and 48%chose reduce services. Let denote thepopulationproportionofFloridianswhowouldchooseraisingtaxes. Analyze whetherthisisaminorityofthepopulation( <

Question:

Whenagovernmentdoesnothaveenoughmoneytopayfortheservicesthatitprovides,it can raisetaxesoritcanreduceservices.WhentheFloridaPollaskedarandomsampleof1200 Floridians whichtheypreferred,52%(624ofthe1200)chose raisetaxes and 48%chose reduce services. Let π denote thepopulationproportionofFloridianswhowouldchooseraisingtaxes.

Analyze whetherthisisaminorityofthepopulation(π < 0.50) oramajority(π > 0.50) by testing H0 ∶ π =

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: