A recent Associated Press report stated that 30% of dentists nationwide have experienced declining revenues during the

Question:

A recent Associated Press report stated that 30% of dentists nationwide have experienced declining revenues during the past 5 years. You survey a random sample of 100 Indiana dentists and find that 24 of those surveyed report declining revenues. Is this sufficient sample evidence to reject a null hypothesis that the proportion of dentists in Indiana who have experienced declining revenues is the same as the national proportion of .30? Use a significance level of 5%.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

Question Posted: