Asian economies impact some of the world’s largest populations. The growth of an economy has a big influence on the everyday lives of ordinary people. Are Asian economies changing? A random sample of 15 Asian economies gave the following information about annual percentage growth rate

(a) What is the level of signi­ficance? State the null and alternate hypotheses.

(b) Compute the sample test statistic. What is the sampling distribution?

(c) Find the P-value of the sample test statistic.

(d) Conclude the test.

(e) Interpret the conclusion in the context of the application.

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Region M0dern Growth Rate %14.0 2.3 7.8 2.8 0.7 5.1 2.9 4.2 Historic Growth Rate %13.3 1.9 7.0 5.5 3.3 6.0 3.2 8.2 Region Modern Growth Rate % 4.9 5.8 6.8 Historic Growth Rate % 6.4 7.2 6.1 10 12 13 15 3.6 3.2 0.8 7.3 2.1