A survey of 1195 CEOS finds that 717 believe the economy will improve next year. We are trying to investigate if the proportion of CEOS who believe the economy will improve next year is less than the 66%. What is the value of the test statistic Z for this test? Note: 1- Only round your final answer to 2 decimal places. Enter your final answer with 2 decimal places. Your Answer: Answer

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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A survey of 1195 CEOS finds that 717 believe the economy will improve next year.
We are trying to investigate if the proportion of CEOS who believe the economy will
improve next year is less than the 66%.
What is the value of the test statistic Z for this test?
Note:
1- Only round your final answer to 2 decimal places. Enter your final answer with 2
decimal places.
Your Answer:
Answer
Transcribed Image Text:A survey of 1195 CEOS finds that 717 believe the economy will improve next year. We are trying to investigate if the proportion of CEOS who believe the economy will improve next year is less than the 66%. What is the value of the test statistic Z for this test? Note: 1- Only round your final answer to 2 decimal places. Enter your final answer with 2 decimal places. Your Answer: Answer
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