Proportion of state population that is impoverished is less

Reference no: EM131813751

Question: According to the Federal Poverty Measure 12% of the U.S. population lives in poverty. The governor of a certain state believes that the proportion there is lower. In a sample of size 1,550, 163 were impoverished according to the federal measure.

a. Test whether the true proportion of the state's population that is impoverished is less than 12%, at the 5% level of significance.

b. Compute the observed significance of the test.

Reference no: EM131813751

Questions Cloud

Compare the EVA for Briggs and Stratton : Briggs & Stratton Corporation is the world's largest maker of air-cooled gasoline engines for outdoor power equipment. Compare the EVA for Briggs and Stratton

Discuss voluntary and involuntary termination : Discuss voluntary and involuntary termination of an S corporation

Establish an individual retirement account : "You establish an Individual Retirement Account (IRA) with an interest rate of 4.7%, compounded annually.

Should the research center acquire the equipment explain : Annual cash inflows from operations would increase by $140,000, Should the research center acquire the equipment? Explain

Proportion of state population that is impoverished is less : According to the Federal Poverty Measure 12% of the U.S. population lives in poverty. The governor of a certain state believes that the proportion.

Annual interest rate compounded annually : With a 13.9% annual interest rate compounded annually, what is the minimum price that you should sell your two payments for right now? "

Determine the purpose of creating a digital hash : Determine the purpose of creating a digital hash. Explain in detail the need for this procedure and the potential damage if this critical step is not taken.

Determining problem on life insurance claims : Test whether the true proportion of all life insurance claims made to this company that are settled within 30 days is less than 85%.

Record the journal entries for the issuance of the bonds : The market rate at the date of issue is also 10%. For simplicity, use a 360-day year and 3 day months for all calculations

User Account

All Pages