Problem regarding the consumer confidence

Assignment Help Accounting Basics

Reference no: EM131008457

Consumer confidence

At various times in 2007, when asked if economic conditions were getter better or worse, consistently more than 20% of U.S. adults said better. On January 19-20, 2008, when Gallup polled 2590 U.S. adults, only 13% said that conditions were getting better. Do these responses give evidence that consumer confidence has decreased from the 2007 level?

a) Write appropriate hypotheses.

b) Check the assumptions and conditions.

c) Perform the test and find the P-value.

d) State your conclusion.

e) Do you think this difference is meaningful? Explain.

Reference no: EM131008457

Questions Cloud

Construct a segmented bar graph for these data : Construct a segmented bar graph for these data. Which graphing method-the pie chart or the seg- mented bar graph-do you think does a better job of conveying information about response? Explain.

Find the intervals where the function is increasing : Find the vertical and horizontal asymptotes. Find the intervals where the function is increasing. Find the local maximum value. Find the intervals where the function is concave up.

Why should companies disclose changes in accounting : For each accounting change DRS undertook, indicate the type of change and how DRS should report the change. Be specific.

What is economic growth and economic development : Your Case Analysis should demonstrate an understanding of relevant key concepts and appropriate conceptual frameworks.

Problem regarding the consumer confidence : At various times in 2007, when asked if economic conditions were getter better or worse, consistently more than 20% of U.S. adults said better. On January 19-20, 2008, when Gallup polled 2590 U.S. adults, only 13% said that conditions were getting..

Summarize the given data using a segmented bar graph : Construct a pie chart to summarize this data set, and write a sentence or two summarizing how people responded to this question. Summarize the given data using a segmented bar graph.

Changed from the lifo inventory to the fifo inventory method : For each accounting change Ray undertook, indicate the type of change and how Ray should report the change. Be specific.

Determine the equation of the tangent line : Determine the equation of the tangent line to f(x) = x2(2x +1)2 at x = 1

What are two ways to mitigate the risk of bankrupcy : What are two ways to mitigate the risk of bankrupcy of a third-world client of a construction project?

User Account

All Pages