Question: Doing Inference mean for Population in general I came across a challenge that I wasn't so sure to tackle fully..I would like to know if

Doing Inference mean for Population in general I came across a challenge that I wasn't so sure to tackle fully..I would like to know if there's a way to get this challenge done? Thank you

Doing Inference mean for Population in general I came across a challenge

A multilateral organisation commissioned a study on the effect of COVID-19 pandemic on businesses in Jamaica (Tennant, 2020). The table below shows the results of the effect the pandemic on sales and the ability of business to repay their loans. Use the information to answer the following questions. You may assume that the results are from a random sample of micro and small business in the island. Micro Businesses Small Businesses Category Percentage n Percentage Businesses that experienced a more than 60% decline in sales 156 24% 38 26% Businesses whose ability to repay their loan 84 24% 30 17% was highly impacted ECON2008: STATISTICAL METHODS 1 PROBLEM SET 10 AY: 2021-2022 a) Using an appropriate inferential method, estimate the difference in the proportion of micro businesses and small businesses whose ability to repay their business loan was highly impacted by the pandemic. b) Based on the interval estimate created in a), determine if there is a significant difference in the proportion of micro and small business that experienced a high impact in their ability to repay their loan

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!