Question: Solve this by sign test on excel, or manually, if it's possible with full explanation. A poll taken during the recession in 2008 asked 600
Solve this by sign test on excel, or manually, if it's possible with full explanation.

A poll taken during the recession in 2008 asked 600 adults a series of questions about the state of the economy and their children's future. One question was, \"Do you expect your children to have a better life than you have had, a worse life, or a life about the same as yours?" The responses showed 242 better, 310 worse, and 48 about the same. ( 16 marks total) a. Use the sign test and alpha = 0.05 to determine whether there is a difference between the number of adults who feel their children will have a better life compared to a worse life. (13 marks) b. What is your conclusion
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
