Mathematics, 20.03.2020 12:58 williamsdre9371
Pew Research recently did a study on American's response to the question "Do you think that business corporations make too much profit?" A random sample of 300 Americans found that 179 agreed. Use a 1% level of significance to test if the proportion of Americans who feel businesses make too much profit is greater than 50%.
1. State the necessary requirements and if they are met
2. State null and alternate hypotheses
3. Give test statistic and one of {P-value or critical value}
4. State your conclusion in real world terms.
Answers: 1
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Pew Research recently did a study on American's response to the question "Do you think that business...
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