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Name: You draw a sample of 144 from the population of families in a town and
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Description: You draw a sample of 144 from the population of families in a town and find out that, 70% own a home. (a) What is the 95% confidence interval for the proportion of homeowners in this town? (b) Assume a = significance level = 0.05. your null hypothes

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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You draw a sample of 144 from the population of families in a town and find out that, 70% own a home. (a) What is the 95% confidence interval for the proportion of homeowners in this town? (b) Assume a = significance level = 0.05. your null hypothesis is that 60% of families own a home. Your alternative hypothesis is that more than 60% of families own a home Find the test statistic. (c) Do you reject your null hypothesis? (d) Interpret your results in part (c)

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