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A newspaper story claims that more houses are purchased by singles now than singles 5 years ago. To test this claim, two studies were conducted on the buying habits of singles over the past 5 years. In the first study, 500 house purchases in the current year were randomly selected and 100 of those were made by singles. In the second study, again 500 house purchases were randomly selected from 5 years ago and 81 of those were made by single people. Test the newspaper's claim using a 0.02 level of significance. Is there sufficient evidence to support the newspaper's claim? Let singles now be Population 1 and let singles 5 years ago be Population 2. Step 3 of 3: Draw a conclusion and interpret the decision. Answer 囲Tables E Keypad Keyboard Shortcuts We fail to reject the null hypothesis and conclude that there is insufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. We fail to reject the null hypothesis and conclude that there is sufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. We reject the null hypothesis and conclude that there is insufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. We reject the null hypothesis and conclude that there is sufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago.

A newspaper story claims that more houses are purchased by singles now than singles 5 years ago. To test this claim, two studies were conducted on the buying habits of singles over the past 5 years. In the first study, 500 house purchases in the current year were randomly selected and 100 of those were made by singles. In the second study, again 500 house purchases were randomly selected from 5 years ago and 81 of those were made by single people. Test the newspaper's claim using a 0.02 level of significance. Is there sufficient evidence to support the newspaper's claim? Let singles now be Population 1 and let singles 5 years ago be Population 2. Step 3 of 3: Draw a conclusion and interpret the decision. Answer 囲Tables E Keypad Keyboard Shortcuts We fail to reject the null hypothesis and conclude that there is insufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. We fail to reject the null hypothesis and conclude that there is sufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. We reject the null hypothesis and conclude that there is insufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. We reject the null hypothesis and conclude that there is sufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A newspaper story claims that more houses are purchased by singles now than singles 5 years ago. To test this claim, two studies were conducted on the buying habits of singles over the past 5 years. In the first study, 500 house purchases in the current year were randomly selected and 100 of those were made by singles. In the second study, again 500 house purchases were randomly selected from 5 years ago and 81 of those were made by single people. Test the newspaper's claim using a 0.02 level of significance. Is there sufficient evidence to support the newspaper’s claim? Let singles now be Population 1 and let singles 5 years ago be Population 2. Step 3 of 3: Draw a conclusion and interpret the decision. **Answer:** - We fail to reject the null hypothesis and conclude that there is insufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. - We fail to reject the null hypothesis and conclude that there is sufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. - We reject the null hypothesis and conclude that there is insufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. - We reject the null hypothesis and conclude that there is sufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. The question provides options for conclusions based on statistical testing but does not specify which option is correct. There are no graphs or diagrams in the image.
Transcribed Image Text:A newspaper story claims that more houses are purchased by singles now than singles 5 years ago. To test this claim, two studies were conducted on the buying habits of singles over the past 5 years. In the first study, 500 house purchases in the current year were randomly selected and 100 of those were made by singles. In the second study, again 500 house purchases were randomly selected from 5 years ago and 81 of those were made by single people. Test the newspaper's claim using a 0.02 level of significance. Is there sufficient evidence to support the newspaper’s claim? Let singles now be Population 1 and let singles 5 years ago be Population 2. Step 3 of 3: Draw a conclusion and interpret the decision. **Answer:** - We fail to reject the null hypothesis and conclude that there is insufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. - We fail to reject the null hypothesis and conclude that there is sufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. - We reject the null hypothesis and conclude that there is insufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. - We reject the null hypothesis and conclude that there is sufficient evidence at a 0.02 level of significance to support the newspaper's claim that singles now purchase more houses than singles 5 years ago. The question provides options for conclusions based on statistical testing but does not specify which option is correct. There are no graphs or diagrams in the image.
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