Suppose that major new legislation was recently passed by the government. Fourteen economists were sampled and asked to predict if the national economy would improve during the next 12 months compared to its present state as a result of this legislation. Eight of the economists predicted an improvement, two economists predicted no change, and four economists predicted a decline in the economy. Conduct a hypothesis test at the 0.10 significance level to determine if the majority of economists predict an improvement in the economy. Based on the analysis, we should ________.**Multiple Choice:**- ○ Fail to reject \( H_0 \) so there is insufficient evidence to show the majority of economists predict an improvement- ○ Fail to reject \( H_0 \) and conclude the majority of economists predict a decline in the economy- ○ Reject \( H_0 \) and conclude the majority of economists predict an improvement in the economy- ○ Reject \( H_0 \) and conclude the majority of economists predict a decline or no change in the economy

Answered: improvement, two economists predicted…

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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Rhino viruses typically cause common colds. In a test of the effectiveness of echinacea, 42 of the 47 subjects treated with echinacea developed rhinovirus infections. In a placebo group, 89 of the 102 subjects developed rhinovirus infections. Use a 0.01 significance level to test the claim that echinacea has an effect on rhinovirus infections. Complete parts (a) through (c) below.
An online shop owner believes that 85% of her customers will want to go into a real store. She surveyed 50 customers and 39 said they want to visit a store. Is the owners claim correct? Use a 0.01 level of significance.
Rhino viruses typically cause common colds. In a test of the effectiveness of echinacea, 42 of the 48 subjects treated with echinacea developed rhinovirus infections. In a placebo group, 93 of the 109 subjects developed rhinovirus infections. Use a 0.01 significance level to test the claim that echinacea has an effect on rhinovirus infections. Complete parts (a) through (c) below.
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According to a report on consumer fraud and identity theft, 22% of all complaints for a year were for identity theft. In that year, Wisconsin had 787 complaints of identity theft out of 3498 consumer complaints. Does this data provide enough evidence to show that Wisconsin had a higher proportion of identity theft than 22%? Test at the 1% level. State the hypotheses. Ho: p? v Ha: p|? v Calculate the test statistic. Round to four decimal places. Calculate the standardized test statistic. Round to three decimal places. Z = Find the p-value. Round to four decimal places. p-value = State your decision. O Since the p-value is less than .01, reject Họ. O Since the p-value is greater than .01, reject Ho. O Since the p-value is less than .01, fail to reject Ho. O Since the p-value is greater than .01, fail to reject Ho. Interpret the results. O At the 1% level of significance, there is enough evidence to show that the proportion of complaints due to identity theft in Wisconsin is not equal to…
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fill blanks underlines.
A 2009 Pew Research Center survey asked a sample of 1,504 adults living in the United States for their opinions on recent technological advancements, such as online shopping, cell phones, and social networking. Respondents categorized each advancement as a change for the worse, hasn't made much difference, a change for the better, or don't know. A summary of respondents' opinions on the Internet follows: Response Change for the worse Hasn't made much difference Change for the better. Don't know Percent of Respondents 16 11 65 8 Make a bar graph of the relative frequency distribution of the responses.
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