An urban planner claims that, nationally, 20% of all families renting condominiums move during a given year.
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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 Vancouver revealed that 56 had moved during the past year. At the 0.01 significance level, does this evidence suggest that a larger proportion of condominium owners moved in the Vancouver area? Determine the p-value.
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Related Book For
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite
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