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 0.10o significance level to determine if the majority of economists predict an improvement in the economy. The correct analysis would be a Multiple Choice chi-square test Wilcoxon signed-rank test Kruskal-Wallis test sign test based on the binomial distribution

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Author:Amos Gilat
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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. The correct analysis would be a
Multiple Choice
chi-square test
Wilcoxon signed-rank test
Kruskal-Wallis test
sign test based on the binomial distribution
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Transcribed Image Text: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. The correct analysis would be a Multiple Choice chi-square test Wilcoxon signed-rank test Kruskal-Wallis test sign test based on the binomial distribution < Prev 9 of 50 Haxt >
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