Reference no: EM133059942

Question - It is rumored that the Bank of Canada will increase interest rates next year [1]. Suppose a survey is conducted by a polling organization, and Saskatchewanians answered the question: "are you not at all concerned, somewhat concerned, or very concerned that interest rates will climb?". The results are given below.

The same survey was conducted in Ontario, and it was found that 38% of Ontarians were not at all concerned, 12% were somewhat concerned, and 50% were very concerned. The polling organization is interested in determining if the proportions of people who are not at all concerned, somewhat concerned, or very concerned about interest rates rising are the same in Saskatchewan as they are in Ontario. Conduct an appropriate hypothesis test by filling in the blanks below. Let group 1 be the "not at all concerned" group; group 2 be the "somewhat concerned" group, and group 3 be the "very concerned" group.

1) State the null and alternative hypotheses using the appropriate notation.

2) Conduct a follow-up analysis. Show all of your work. Do exactly as shown in the Module 8 Tutorial (copy/paste from that document and change numbers and context). Ensure you have the entire follow-up analysis (i.e., everything on that page, not just the table).