A certain financial services company uses surveys of adults age 18 and older to determine if personal financial fitness is changing over time. A recent sample of 1,000 adults showed 410 indicating that their financial security was more than fair. Suppose that just a year before, a sample of 1,200 adults showed 420 indicating that their financial security was more than fair. (a)State the hypotheses that can be used to test for a significant difference between the population proportions for the two years. (Let p1 = population proportion most recently saying financial security more than fair and p2 = population proportion from the year before saying financial security more than fair. Enter != for ≠ as needed.) H0: Ha: (b) Conduct the hypothesis test and compute the p-value. At a 0.05 level of significance, what is your conclusion? Find the value of the test statistic. (Use p1 − p2. Round your answer to two decimal places.) = Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. (A) Do not reject H0. There is sufficient evidence to conclude the population proportions are not equal. The data suggest that there has been a change in the population proportion saying that their financial security is more than fair. (B) Reject H0. There is sufficient evidence to conclude the population proportions are not equal. The data suggest that there has been a change in the population proportion saying that their financial security is more than fair. (C) Do not reject H0. There is insufficient evidence to conclude the population proportions are not equal. The data do not suggest that there has been a change in the population proportion saying that their financial security is more than fair. (D) Reject H0. There is insufficient evidence to conclude the population proportions are not equal. The data do not suggest that there has been a change in the population proportion saying that their financial security is more than fair. (c) What is the 95% confidence interval estimate of the difference between the two population proportions? (Round your answers to four decimal places.) ____to ____ What is your conclusion? The 95% confidence interval {contains ,is completely above, is completely below zero}, so we can be 95% confident that the population proportion of adults saying that their financial security is more than fair {has decreased, may have stayed the same, has increased}

A certain financial services company uses surveys of adults age 18 and older to determine if personal financial fitness is changing over time. A recent sample of 1,000 adults showed 410 indicating that their financial security was more than fair. Suppose that just a year before, a sample of 1,200 adults showed 420 indicating that their financial security was more than fair. (a)State the hypotheses that can be used to test for a significant difference between the population proportions for the two years. (Let p1 = population proportion most recently saying financial security more than fair and p2 = population proportion from the year before saying financial security more than fair. Enter != for ≠ as needed.) H0: Ha: (b) Conduct the hypothesis test and compute the p-value. At a 0.05 level of significance, what is your conclusion? Find the value of the test statistic. (Use p1 − p2. Round your answer to two decimal places.) = Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. (A) Do not reject H0. There is sufficient evidence to conclude the population proportions are not equal. The data suggest that there has been a change in the population proportion saying that their financial security is more than fair. (B) Reject H0. There is sufficient evidence to conclude the population proportions are not equal. The data suggest that there has been a change in the population proportion saying that their financial security is more than fair. (C) Do not reject H0. There is insufficient evidence to conclude the population proportions are not equal. The data do not suggest that there has been a change in the population proportion saying that their financial security is more than fair. (D) Reject H0. There is insufficient evidence to conclude the population proportions are not equal. The data do not suggest that there has been a change in the population proportion saying that their financial security is more than fair. (c) What is the 95% confidence interval estimate of the difference between the two population proportions? (Round your answers to four decimal places.) to What is your conclusion? The 95% confidence interval {contains ,is completely above, is completely below zero}, so we can be 95% confident that the population proportion of adults saying that their financial security is more than fair {has decreased, may have stayed the same, has increased}

Name: A certain financial services company uses surveys of adults age 18 and
Uploaded: 2024-03-20T07:07:00.000Z
Channel: Bartleby
Description: A certain financial services company uses surveys of adults age 18 and older to determine if personal financial fitness is changing over time. A recent sample of 1,000 adults showed 410 indicating that their financial security was more than fair. Sup

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Concept explainers

Topic Video

Question

(a)State the hypotheses that can be used to test for a significant difference between the population proportions for the two years. (Let p₁ = population proportion most recently saying financial security more than fair and p₂ = population proportion from the year before saying financial security more than fair. Enter != for ≠ as needed.)

H₀:

H_a:

(b) Conduct the hypothesis test and compute the p-value. At a 0.05 level of significance, what is your conclusion?

Find the value of the test statistic. (Use p₁ − p₂. Round your answer to two decimal places.)

Find the p-value. (Round your answer to four decimal places.)

p-value =

State your conclusion.

(A) Do not reject H₀. There is sufficient evidence to conclude the population proportions are not equal. The data suggest that there has been a change in the population proportion saying that their financial security is more than fair.

(B) Reject H₀. There is sufficient evidence to conclude the population proportions are not equal. The data suggest that there has been a change in the population proportion saying that their financial security is more than fair.

(C) Do not reject H₀. There is insufficient evidence to conclude the population proportions are not equal. The data do not suggest that there has been a change in the population proportion saying that their financial security is more than fair.

(D) Reject H₀. There is insufficient evidence to conclude the population proportions are not equal. The data do not suggest that there has been a change in the population proportion saying that their financial security is more than fair.

(c) What is the 95% confidence interval estimate of the difference between the two population proportions? (Round your answers to four decimal places.)

____to ____

What is your conclusion?

The 95% confidence interval {contains ,is completely above, is completely below zero}, so we can be 95% confident that the population proportion of adults saying that their financial security is more than fair {has decreased, may have stayed the same, has increased}

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Hypothesis Tests and Confidence Intervals for Proportions$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.