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)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
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
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON