Question: A research firm claims that 62 of women in the
A research firm claims that 62% of women in the 40–49 age group save in a 401(k) or individual retirement account. If we wished to test whether this percentage could be the same for women in this age group living in New York City and selected a random sample of 300 such individuals from New York, what would be the null and alternative hypotheses? Would the test be a z-test or a t-test? Why?
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