Based on its home ownership survey, home mortgage giant Fannie Mae reports “significant differences in home buying knowledge between demographic groups.”In a random sample of 236 college educated adults and 259 high school educated adults, the survey found that 65% of those in the college sample and 60% in the high school sample were aware that a mortgage does not require a 30year commitment. With regard to this particular knowledge issue, can these sample results be used to reject a “no difference in population proportions” null hypothesis for the two populations represented? Use a significance level of 5%. Explain your answer.

  • CreatedJuly 16, 2015
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