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A survey of 100 CEOs finds that 60 think the

A survey of 100 CEOs finds that 60 think the economy will improve next year. Is there evidence that the rate is higher among all CEOs than the 55% reported by the public at large?

a) Find the standard deviation of the sample proportion based on the null hypothesis.

b) Find the z-statistic.

c) Does the z-statistic seem like a particularly large or small value?

a) Find the standard deviation of the sample proportion based on the null hypothesis.

b) Find the z-statistic.

c) Does the z-statistic seem like a particularly large or small value?

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