Answered: the decision rule for rejecting the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The U.S. Census Bureau conducts annual surveys to obtain information on the percentage of the voting-age population that is registered to vote. Suppose that 679679 employed persons and 690690 unemployed persons are independently and randomly selected, and that 429429 of the employed persons and 369369 of the unemployed persons have registered to vote. Can we conclude that the percentage of employed workers ( p1p1 ), who have registered to vote, exceeds the percentage of unemployed workers ( p2p2 ), who have registered to vote? Use a significance level of α=0.05α=0.05 for the test.

Step 5 of 6 :

Determine the decision rule for rejecting the null hypothesis H0H0. Round the numerical portion of your answer to three decimal places.

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