According to a Pew Research Center nationwide telephone survey of adults conducted between March 15 and April 24, 2011, 55% of college graduates said that college education prepared them for a job (Time, May 30, 2011). Suppose this result was true of all college graduates at that time. In a recent sample of 1850 college graduates, 60% said that college education prepared them for a job. Is there significant evidence at a 2% significance level to conclude that the current percentage of all college graduates who will say that college education prepared them for a job is different from 55%? 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. Enter the critical values in increasing order. Zobserved = i p-value = i

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
According to a Pew Research Center nationwide telephone survey of adults conducted between March 15 and April 24, 2011, 55% of college graduates said that college education prepared them for a job (*Time*, May 30, 2011). Suppose this result was true of all college graduates at that time. In a recent sample of 1850 college graduates, 60% said that college education prepared them for a job. Is there significant evidence at a 2% significance level to conclude that the current percentage of all college graduates who will say that college education prepared them for a job is different from 55%? 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. Enter the critical values in increasing order.

**Z<sub>observed</sub> =**  
[Input Box]

**p-value =**  
[Input Box]
Transcribed Image Text:According to a Pew Research Center nationwide telephone survey of adults conducted between March 15 and April 24, 2011, 55% of college graduates said that college education prepared them for a job (*Time*, May 30, 2011). Suppose this result was true of all college graduates at that time. In a recent sample of 1850 college graduates, 60% said that college education prepared them for a job. Is there significant evidence at a 2% significance level to conclude that the current percentage of all college graduates who will say that college education prepared them for a job is different from 55%? 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. Enter the critical values in increasing order. **Z<sub>observed</sub> =** [Input Box] **p-value =** [Input Box]
```markdown
Enter the critical values in increasing order.

**\( Z_{\text{observed}} = \)**  
[Input box]

**\( p\text{-value} = \)**  
[Input box]

**Critical values:**

[Input box]  
and  
[Input box]

We can conclude that the current percentage of all college graduates who will say that college education prepared them for a job is [Dropdown menu] 55%.
```

The image contains input boxes for numeric values and a dropdown menu, likely for selecting a percentage.
Transcribed Image Text:```markdown Enter the critical values in increasing order. **\( Z_{\text{observed}} = \)** [Input box] **\( p\text{-value} = \)** [Input box] **Critical values:** [Input box] and [Input box] We can conclude that the current percentage of all college graduates who will say that college education prepared them for a job is [Dropdown menu] 55%. ``` The image contains input boxes for numeric values and a dropdown menu, likely for selecting a percentage.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 5 images

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman