Question: A number of economic analysts were asked to rate their
A number of economic analysts were asked to rate their expectations for the economies of North America and Europe over the coming year, according to the following scale: (4) prospects are very promising; (3) prospects are promising in terms of growth, but with some potential for slowdown; (2) the economy is expected to slow down from the previous year; and (1) a serious downturn is expected. The analysts’ ratings are shown in Exhibit 9.45 below. At the 3% level of significance, is there evidence that all economic analysts rate prospects for the North American and European economies differently?
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