Hypothesis test using the four-step procedure

Assignment Help Business Economics
Reference no: EM132150074

In a pre-election poll, a candidate for district attorney receives 379 of 750 votes. Assuming that the people polled represent a random sample of the voting population, test the claim that a majority of voters support the candidate. Use a 0.05 significance level to conduct a hypothesis test using the four-step procedure. Be sure to state your conclusion.

Formulate the null hypotheses.

Find the z-value

Find the p-value

Reference no: EM132150074

Questions Cloud

Why would developed nations try to coordinate : Why would developed nations try to coordinate their macroeconomic policies? Provide at least 3 reasons and explain each of them in detail.
Environmental uncertainty affect to food processing company : Briefly explain how environmental uncertainty affect to food processing company and aerospace company
Confidence interval for the population proportion : In a survey of 3153 adults, 1407 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion.
Average number of people waiting in queue and in the system : What is the average number of people waiting in queue and in the system? What is the average time that a customer spends waiting in the queue and in the system?
Hypothesis test using the four-step procedure : Use a 0.05 significance level to conduct a hypothesis test using the four-step procedure. Be sure to state your conclusion.
Why is innovation in management practices important : Why is innovation in management practices important?
Create and maintain efficient and safe workplace : Employees have a right to privacy, but employers also have a right to create and maintain an efficient and safe workplace.
How would immigrant workers affects the economy : How would the reduction in the number of immigrant workers affects the economy in the short-term (Use IS-LM framework and graphs).
Entrepreneur to estimate sales in terms of dollars and units : Pinpointing the primary target market for a product/service is important because it enables the entrepreneur to estimate sales in terms of dollars and units.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd