In a random sample of 1,099 adults in a certain country, 21.3% of the sample members indicated

Question:

In a random sample of 1,099 adults in a certain country, 21.3% of the sample members indicated some measure of disagreement with this statement: Globalization is more than an economic trade system—instead it includes institutions and culture.

a. Test, at the 1% level, the null hypothesis that at least 25% of the country’s adults would disagree with this statement.

b. Find the probability of rejecting the null hypothesis with a 1%-level test if, in fact, 23% of all adults in the country would disagree with the statement.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

Question Posted: