Claim that optimism regarding china direction depends on age

Reference no: EM131807801

Question: According to a 2008 survey by the Pew Research Center, people in China are highly satisfied with their roaring economy and the direction of their nation (USA Today, July 22, 2008). Eighty-six percent of those who were surveyed expressed positive views of the way China is progressing and described the economic situation as good. A political analyst wants to know if this optimism among the Chinese depends on age. In an independent survey of 280 Chinese residents, the respondents are asked how happy they are with the direction that their country is taking. Their responses are tabulated below.

a. Set up the appropriate hypotheses to test the claim that optimism regarding China's direction depends on the age of the respondent.

b. Use Excel to compute the p-value for the test.

c. At a 1% level of significance, can we infer that optimism among the Chinese is dependent on age?

Reference no: EM131807801

Questions Cloud

Should the firm be concerned about the source of shipments : The following sample data reflect shipments received by a large firm from three different vendors. Specify the competing hypotheses to determine.

Determining the simple interest rate : How long will it take for an investment to double at a 4% per year simple interest rate?

Explain the time value of money : In your own words explain the time value of money. From your own life (either now or in a situation that might occur in your future)

Explanation of the choice made by each woman : Magdalen, Miriam, and Mary June were asked to consider two different cash flows: $500 that they could receive today and $1000 that would be received

Claim that optimism regarding china direction depends on age : Set up the appropriate hypotheses to test the claim that optimism regarding China's direction depends on the age of the respondent.

How would you rate the ethical practices of the company : Briefly describe the issue. How would you rate the ethical practices of the company that you chose (excellent, fair or poor)? Explain

Year compounding annually : How long will it take for an investment to double at 4% per year compounding annually?

What is the total payment : The firm will make no payments until the loan is due, when it will pay off the interest and principal in one lump sum. What is the total payment?

Will jason have to pay mortgage insurance in five years : MAF101 - Fundamentals of Finance Group Assignment. Will Jason have to pay mortgage insurance in 5 years. What is 'corporate governance'

User Account

All Pages