According to a New York Times/CBS News poll conducted during June 24-28, 2011, 55% of the American adults polled said that owning a home is a very important part of the American Dream (The New York Times, June 30, 2011). Suppose this result was true for the population of all American adults in 2011. In a recent poll of 1770 American adults, 60% said that owning a home is a very important part of the American Dream. Perform a hypothesis test to determine whether it is reasonable to conclude that the percentage of all American adults who currently hold this opinion is higher than 55%. Use a 10% significance level, and use both the p-value and the critical-value approaches. Round your answers for the observed value of z and the critical value of z to two decimal places, and the p-value to four decimal places. Zobserved i

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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Chapter11: Data Analysis And Probability
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According to a New York Times/CBS News poll
conducted during June 24-28, 2011, 55% of the
American adults polled said that owning a home is
6.
a very important part of the American Dream (The
New York Times, June 30, 2011). Suppose this
result was true for the population of all American
adults in 2011. In a recent poll of 1770 American
adults, 60% said that owning a home is a very
important part of the American Dream. Perform a
hypothesis test to determine whether it is
reasonable to conclude that the percentage of all
American adults who currently hold this opinion is
higher than 55%. Use a 10% significance level, and
use both the p-value and the critical-value
approaches.
Round your answers for the observed value of z
and the critical value of z to two decimal places,
and the p-value to four decimal places.
Zobserved =
%3D
p-value =
i
Transcribed Image Text:According to a New York Times/CBS News poll conducted during June 24-28, 2011, 55% of the American adults polled said that owning a home is 6. a very important part of the American Dream (The New York Times, June 30, 2011). Suppose this result was true for the population of all American adults in 2011. In a recent poll of 1770 American adults, 60% said that owning a home is a very important part of the American Dream. Perform a hypothesis test to determine whether it is reasonable to conclude that the percentage of all American adults who currently hold this opinion is higher than 55%. Use a 10% significance level, and use both the p-value and the critical-value approaches. Round your answers for the observed value of z and the critical value of z to two decimal places, and the p-value to four decimal places. Zobserved = %3D p-value = i
Round your answers for the observed value of z
and the critical value of z to two decimal places,
and the p-value to four decimal places.
Zobserved
p-value =
i
Critical value =
i
We can conclude that the percentage of all
American adults who currently hold this opinion is
v 55%.
Transcribed Image Text:Round your answers for the observed value of z and the critical value of z to two decimal places, and the p-value to four decimal places. Zobserved p-value = i Critical value = i We can conclude that the percentage of all American adults who currently hold this opinion is v 55%.
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