Question

In 2003 The World Wealth Report first started publishing market shares of global millionaires (The Wall Street Journal, June 25, 2008). At this time, the distribution of the world’s people worth $1 million or more was
Region Percentage of Millionaires
Europe ........... 35.7%
North America ........ 31.4%
Asia Pacific .......... 22.9%
Latin America .......... 4.3%
Middle East ........... 4.3%
Africa .............. 1.4%
A recent sample of 500 global millionaires produces the following results:
Region Number of Millionaires
Europe........ 153
North America ........ 163
Asia Pacific........ 139
Latin America ........ 20
Middle East ....... 20
Africa .......... 5
a. Test whether the distribution of millionaires today is different from the distribution in 2003 at α = 0.05.
b. Would the conclusion change if we tested it at α = 0.10?



$1.99
Sales0
Views165
Comments0
  • CreatedJanuary 28, 2015
  • Files Included
Post your question
5000