An urban planner claims that, nationally, 20% of all families renting condominiums move during a given year.

Question:

An urban planner claims that, nationally, 20% of all families renting condominiums move during a given year. A random sample of 200 families renting condominiums in the Dallas Metroplex revealed that 56 moved during the past year. At the .01 significance level, does this evidence suggest that a larger proportion of condominium owners moved in the Dallas area? Determine the p-value.


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

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: