Win a lottery or sweepstakes

Assignment Help Basic Statistics

Reference no: EM131820927

The same survey described in the previous exercise also asked the individuals in the sample what they thought was their best chance to obtain more than $500,000 in their lifetime. Twenty-eight percent responded "win a lottery or sweepstakes." Does this provide convincing evidence that more than onefourth of U.S. adults see a lottery or sweepstakes win as their best chance of accumulating $500,000? Carry out a test using a significance level of .01.

Reference no: EM131820927

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