newspaper story claims that more houses are purchased by singles now than singles 55 years ago. To test this claim, two studies were conducted on the buying habits of singles over the past 55 years. In the first study, 500500 house purchases in the current year were randomly selected and 100100 of those were made by singles. In the second study, again 500500 house purchases were randomly selected from 55 years ago and 8181 of those were made by single people. Test the newspaper’s claim using a 0.020.02 level of significance. Is there sufficient evidence to support the newspaper’s claim? Let singles now be Population 1 and let singles 55 years ago be Population 2. Step 2 of 3 :
newspaper story claims that more houses are purchased by singles now than singles 55 years ago. To test this claim, two studies were conducted on the buying habits of singles over the past 55 years. In the first study, 500500 house purchases in the current year were randomly selected and 100100 of those were made by singles. In the second study, again 500500 house purchases were randomly selected from 55 years ago and 8181 of those were made by single people. Test the newspaper’s claim using a 0.020.02 level of significance. Is there sufficient evidence to support the newspaper’s claim? Let singles now be Population 1 and let singles 55 years ago be Population 2. Step 2 of 3 :
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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A newspaper story claims that more houses are purchased by singles now than singles 55 years ago. To test this claim, two studies were conducted on the buying habits of singles over the past 55 years. In the first study, 500500 house purchases in the current year were randomly selected and 100100 of those were made by singles. In the second study, again 500500 house purchases were randomly selected from 55 years ago and 8181 of those were made by single people. Test the newspaper’s claim using a 0.020.02 level of significance. Is there sufficient evidence to support the newspaper’s claim? Let singles now be Population 1 and let singles 55 years ago be Population 2.
Step 2 of 3 :
Compute the value of the test statistic. Round your answer to two decimal places.
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