The Eurozone consists of 17 European countries that use the euro as their common currency. The European

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The Eurozone consists of 17 European countries that use the euro as their common currency. The European debt crisis, which began in 2009, made it difficult for some Eurozone countries to repay their government debt. A national poll in 2013 indicated that 26% of Germans felt that exiting the Eurozone would be good for Germany. A random sample of 360 Germans was recently selected, and it was found that 72 felt that leaving the Eurozone would be good for Germany. Using σ = 0.01, answer the following questions:

a. Does this sample provide support for the hypothesis that the proportion of Germans who feel leaving the Eurozone would be good for Germany has decreased since 2013?

b. Determine the p value for this test.

c. Use PHStat to validate these results.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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