An economist believes the unemployment rate in New Jersey as of June 2023 is different than the unemployment rate of 3.7% in 2022. She randomly selects 650 people aged 16 and over and found that 34 of them were currently unemployed, but looking for employment. Using the Minitab printout below, test the economist claim at the 0.10 significance level. Show all six steps to receive full credit. Test and Cl for One Proportion: Unemployment Method p: event proportion Exact method is used for this analysis. Descriptive Statistics N Event Sample p 95% CI for p 650 34 0.052308 (0.036493, 0.072331) Test Null hypothesis Ho: p = 0.037 Alternative hypothesis H₁: p = 0.037 P-Value 0.061
An economist believes the unemployment rate in New Jersey as of June 2023 is different than the unemployment rate of 3.7% in 2022. She randomly selects 650 people aged 16 and over and found that 34 of them were currently unemployed, but looking for employment. Using the Minitab printout below, test the economist claim at the 0.10 significance level. Show all six steps to receive full credit. Test and Cl for One Proportion: Unemployment Method p: event proportion Exact method is used for this analysis. Descriptive Statistics N Event Sample p 95% CI for p 650 34 0.052308 (0.036493, 0.072331) Test Null hypothesis Ho: p = 0.037 Alternative hypothesis H₁: p = 0.037 P-Value 0.061
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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An economist believes the unemployment rate in New Jersey as of June 2023 is different than the unemployment rate of 3.7% in 2022. She randomly selects 650 people aged 16 and over and found that 34 of them were currently unemployed, but looking for employment. Using the Minitab printout below, test the economist claim at the 0.10 significance level. Show all six steps to receive full credit.
Test and Cl for One Proportion: Unemployment
Method
p: event proportion
Exact method is used for this analysis.
Descriptive Statistics
N Event Sample p
95% Cl for p
650
34
0.052308 (0.036493, 0.072331)
Test
Null hypothesis
Ho: p = 0.037
Alternative hypothesis Hi: p # 0.037
P-Value
0.061
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