Suppose a recent random sample of employees nationwide that have a 401(k) retirement plan found that 18%

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Suppose a recent random sample of employees nationwide that have a 401(k) retirement plan found that 18% of them had borrowed against it in the last year. A random sample of 100 employees from a local company who have a 401(k) retirement plan found that 14 had borrowed from their plan. Based on the sample results, is it possible to conclude, at the α = 0.025 level of significance, that the local company had a lower proportion of borrowers from its 401(k) retirement plan than the 18% reported nationwide?
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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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