Question: Please answer & see all images for answer options. Phoenix Marketing International Identified Bridgeport, Connecticut, Los Alamos, New Mexico, Naples, FL, and Washington D.C. were

Please answer & see all images for answer options.

Please answer & see all images for answer options. Phoenix Marketing InternationalIdentified Bridgeport, Connecticut, Los Alamos, New Mexico, Naples, FL, and Washington D.C.were identified as the four U.S. cities with the highest percentage of

Phoenix Marketing International Identified Bridgeport, Connecticut, Los Alamos, New Mexico, Naples, FL, and Washington D.C. were identified as the four U.S. cities with the highest percentage of millionaires. Data consistent with that study show the following number of millionaires for samples of individuals from each of the four cities. City Millionaire Bridgeport Los Alamos Naples Washington DC Yes 42 34 35 35 No 458 266 365 365 a. What is the estimate of the percentage of millionaires in each of these cities (to 1 decimal)? Bridgeport Los Alamos Naples Washington DC Percentage, % b. Using a = .05 level of significance, test for the equality of the population proportion of millionaires for these four cities. What is the p-value? Compute the value of the x2 test statistic (to 3 decimals). The p-value is - Select your answer - + What is your conclusion? - Select your answer - * ) that there is a difference among the population proportion of millionaires for these four cities.Compute the value of the X2 test statistic (to 3 decimals). S The p-value ' J - Select your answer - between .005 and .01 What is your between .01 and .025 between .025 and .05 _ _ _ _ . . . mm between '05 and .10 difference among the population proportion of millionaires for these four cuties. greater than .10 less than .005 What is your conclusion? J - Select your answer - | that there is a difference among the population proportion of millionaires for these four cities. Cannot conclude Conclude

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!