Superpower (Example 13) What superpower do Americans want most? In past years, 10 % of Americans chose invisibility as the most desired superpower, based on the Marist poll. Assume this is an accurate representation of all Americans. A group of futurists examines a more recent 2018 Marist poll that found that 12 % of those sampled picked invisibility as their desired superpower. The futurists carry out a hypothesis test using a significance level of 0.01 , and the result is shown in the StatCrunch output. Based on this, can they conclude that the percentage of all Americans who would pick invisibility as their superpower is still 10 % ? If not, what conclusion would be appropriate based on these sample data?
Superpower (Example 13) What superpower do Americans want most? In past years, 10 % of Americans chose invisibility as the most desired superpower, based on the Marist poll. Assume this is an accurate representation of all Americans. A group of futurists examines a more recent 2018 Marist poll that found that 12 % of those sampled picked invisibility as their desired superpower. The futurists carry out a hypothesis test using a significance level of 0.01 , and the result is shown in the StatCrunch output. Based on this, can they conclude that the percentage of all Americans who would pick invisibility as their superpower is still 10 % ? If not, what conclusion would be appropriate based on these sample data?
Solution Summary: The author explains whether the percentage of Americans who would pick invisibility as the superpower is still 10% or not. If not, write the correct conclusion.
Superpower (Example 13) What superpower do Americans want most? In past years,
10
%
of Americans chose invisibility as the most desired superpower, based on the Marist poll. Assume this is an accurate representation of all Americans. A group of futurists examines a more recent 2018 Marist poll that found that
12
%
of those sampled picked invisibility as their desired superpower. The futurists carry out a hypothesis test using a significance level of
0.01
,
and the result is shown in the StatCrunch output. Based on this, can they conclude that the percentage of all Americans who would pick invisibility as their superpower is still
10
%
?
If not, what conclusion would be appropriate based on these sample data?
To: [Boss's Name]
From: Nathaniel D Sain
Date: 4/5/2025
Subject: Decision Analysis for Business Scenario
Introduction to the Business Scenario
Our delivery services business has been experiencing steady growth, leading to an
increased demand for faster and more efficient deliveries. To meet this demand,
we must decide on the best strategy to expand our fleet. The three possible
alternatives under consideration are purchasing new delivery vehicles, leasing
vehicles, or partnering with third-party drivers. The decision must account for
various external factors, including fuel price fluctuations, demand stability, and
competition growth, which we categorize as the states of nature. Each alternative
presents unique advantages and challenges, and our goal is to select the most
viable option using a structured decision-making approach.
Alternatives and States of Nature
The three alternatives for fleet expansion were chosen based on their cost
implications, operational efficiency, and…
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Hypothesis Testing - Solving Problems With Proportions; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=76VruarGn2Q;License: Standard YouTube License, CC-BY
Hypothesis Testing and Confidence Intervals (FRM Part 1 – Book 2 – Chapter 5); Author: Analystprep;https://www.youtube.com/watch?v=vth3yZIUlGQ;License: Standard YouTube License, CC-BY