According to a New York Times/CBS News poll conducted during June 24-28, 2011,55% of the American adults polled said that owning a home is a very important part of the American Dream (The New York Times, June 30, 2011). Suppose this result was true for the population of all American adults in 2011. In a recent poll of 1800 American adults, 62% said that owning a home is a very important part of the American Dream. Perform a hypothesis test to determine whether it is reasonable to conclude that the percentage of all American adults who currently hold this opinion is higher than 55%. Use a 2% significance level, and use both the p- value and the critical-value approaches. Round your answers for the observed value of z and the critical value of z to two decimal places, and the p-value to four decimal places. Zobserved p-value = i Critical value = i We can conclude that the percentage of all American adults who currently hold this opinion is 55%.
According to a New York Times/CBS News poll conducted during June 24-28, 2011,55% of the American adults polled said that owning a home is a very important part of the American Dream (The New York Times, June 30, 2011). Suppose this result was true for the population of all American adults in 2011. In a recent poll of 1800 American adults, 62% said that owning a home is a very important part of the American Dream. Perform a hypothesis test to determine whether it is reasonable to conclude that the percentage of all American adults who currently hold this opinion is higher than 55%. Use a 2% significance level, and use both the p- value and the critical-value approaches. Round your answers for the observed value of z and the critical value of z to two decimal places, and the p-value to four decimal places. Zobserved p-value = i Critical value = i We can conclude that the percentage of all American adults who currently hold this opinion is 55%.
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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Transcribed Image Text:According to a New York Times/CBS News poll conducted during June 24-28, 2011,55% of the American adults polled said that
owning a home is a very important part of the American Dream (The New York Times, June 30, 2011). Suppose this result was true for
the population of all American adults in 2011. In a recent poll of 1800 American adults, 62% said that owning a home is a very
important part of the American Dream. Perform a hypothesis test to determine whether it is reasonable to conclude that the
percentage of all American adults who currently hold this opinion is higher than 55%. Use a 2% significance level, and use both the p-
value and the critical-value approaches.
Round your answers for the observed value of z and the critical value of z to two decimal places, and the p-value to four decimal
places.
Zobserved
p-value = i
Critical value = i
We can conclude that the percentage of all American adults who currently hold this opinion is
55%.
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