EUVER magazine states that 64% of Canadian adults over 18 years old have a credit card. To verify this assertion, we take a sample of 1,000 people, 623 of whom have a credit card. Using a significance level α = 0.05 w

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...

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Question

EUVER magazine states that 64% of Canadian adults
over 18 years old have a credit card. To verify this assertion, we take a sample of 1,000
people, 623 of whom have a credit card.
Using a significance level α = 0.05 we can say
that the EUVER review exaggerates in its assertion and that in
is this proportion less?

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