Sixty percent of the Americans are found to believe that business profits are distributed unfairly. A survey

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Sixty percent of the Americans are found to believe that business profits are distributed unfairly. A survey of 40 people in a city indicates that 28 people believe in the unfair distribution of business profits.

Is the city survey indicating the percentage believing in unfair distribution higher than the national average at a significance level of 0.05?

What is the P-value for the city survey?

What is the minimum value of fraction believing in unfair distribution at a significance level of 0.05?

Related Book For answer-question

Elementary Statistics

ISBN: 978-0538733502

11th edition

Authors: Robert R. Johnson, Patricia J. Kuby

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Posted Date: Sep 29, 2022 02:42 AM

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Sixty percent of the Americans are found to believe that business profits are distributed unfairly. A survey

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Solution Given that P 60 060 x28 p4 x2 2840 x005 Hypothesis Pvalue P0 0... View the full answer

Elementary Statistics

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