What decision should be made regarding the null hypothesis

Reference no: EM13221094

Test at the 0.01 level the statement that 55% of those families who plan to purchase a vacation residence in Florida want a condominium. The null hypothesis is ? = 0.55 and the alternate is . A random sample of 400 families who planned to buy a vacation residence revealed that 228 families want a condominium. What decision should be made regarding the null hypothesis?

Reference no: EM13221094

Questions Cloud

Will total revenue in the industry increase of decrease : Consider the demand for mobile phones. Suppose the price elasticity of demand for the market as a whole is .80. A. If all mobile-phone companies simultaneously increased their prices, will total revenue in the industry increase of decrease.

What is the optimal safety stock : Ordering larger quantity would increase safety stock. Ordering more frequently would reduce safety stock and increase the chance of stock outs.

What are the two types of government spending categories : The governments at certain times have said they are going to cut the federal budget to decrease government spending. What are the two types of government spending categories and what roles do they play.

Address the impact on the project parameters as a result : Address the impact on the project parameters as a result of these changes.

What decision should be made regarding the null hypothesis : Test at the 0.01 level the statement that 55% of those families who plan to purchase a vacation residence in Florida want a condominium. The null hypothesis is = 0.55 and the alternate is . A random sample of 400 families who planned to buy.

Calculate the roi by dividing operational results : Calculate the ROI by dividing operational results by costs. The ROI gives an estimate of the dollar return expected from each dollar invested in training.

Why monetary policy is carried out by the federal reserve : Monetary policy is carried out by the Federal Reserve. Describe how they use the three tools, reserve requirement, open market operations (Fed. Fund rates) and Discount Rates. Be sure to explain the players involved in each tool, the benefits of e..

Explain mechanism to demonstrate how pyridine catalyzes : Draw a mechanism to demonstrate how pyridine catalyzes the hydrolysis of acetic anhydride to two molecule of acetic acid. Is this reaction reversible?

What near monopoly was broken up by profound technological : What near monopoly was broken up by profound technological change in the industry rather than active government efforts using antitrust laws. American Cigar Company IBM& mainframe computers Verizon & phone service Microsoft and operating software.

User Account

All Pages