Determine if majority of economists predict an increase

Reference no: EM13220194

20 economists were sampled and asked to predict if the national economy would improve during the next twelve months. Eleven of the economists predicted an increase, two economists predicted no change, and seven economists predicted a decrease in the economy. Conduct a hypothesis test at the 0.10 significance level to determine if the majority of economists predict an increase. What is The test statistic.

Reference no: EM13220194

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