A real estate company claims that 44% of all home buyers find their real estate agentthrough a friend. In your work for this company, you find that in a sample of 1762 homebuyers, 712 found their real estate agent through a friend. Can you reject the company’s claim at the 0.01 significance level? Find the proper confidence interval (CI) to test this claim as well.Explain how this verifies the hypothesis test. What level CI should you create? What is your CI? Explain how this verifies your results
A real estate company claims that 44% of all home buyers find their real estate agentthrough a friend. In your work for this company, you find that in a sample of 1762 homebuyers, 712 found their real estate agent through a friend. Can you reject the company’s claim at the 0.01 significance level? Find the proper confidence interval (CI) to test this claim as well.Explain how this verifies the hypothesis test. What level CI should you create? What is your CI? Explain how this verifies your results
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 real estate company claims that 44% of all home buyers find their real estate agent
through a friend. In your work for this company, you find that in a sample of 1762 home
buyers, 712 found their real estate agent through a friend. Can you reject the company’s claim at the 0.01 significance level? Find the proper confidence interval (CI) to test this claim as well.
Explain how this verifies the hypothesis test. What level CI should you create? What is your CI? Explain how this verifies your results
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