The Great Recession cost America trillions of dollars in lost wealth and also levied a heavy toll
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The Great Recession cost America trillions of dollars in lost wealth and also levied a heavy toll on the national psyche (The Wall Street Journal, December 21, 2009). According to a poll, just 33% of those surveyed said America was headed in the right direction. Suppose this poll was based on a sample of 1,000 people. Does the sample evidence suggest that the proportion of Americans who feel that America is headed in the right direction is below 35%? Use a 5% level of significance for the analysis. What if the sample size was 2,000?
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9781260547658
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
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