An urban planner claims that, nationally, 20% of all families renting condominiums move during a given year.
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An urban planner claims that, nationally, 20% of all families renting condominiums move during a given year. A random sample of 200 families renting condominiums in the Dallas Metroplex revealed that 56 moved during the past year. At the .01 significance level, does this evidence suggest that a larger proportion of condominium owners moved in the Dallas area? Determine the p-value.
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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