A sample of 100 mortgages approved during the current year showed that 31 were issued to a single-earner family or individual. The historical percentage is 25 percent. At the .05 level of significance in a right-tailed test, has the percentage of single-earner or individual mortgages risen? (a-1) H0: π ≤ .25 versus H1: π > .25. Choose the right option. Reject H0 if zcalc > 1.645 Reject H0 if zcalc < 1.645 a b (a-2) Calculate the test statistic. (Round your answer to 4 decimal places.)Test statistic
A sample of 100 mortgages approved during the current year showed that 31 were issued to a single-earner family or individual. The historical percentage is 25 percent. At the .05 level of significance in a right-tailed test, has the percentage of single-earner or individual mortgages risen? (a-1) H0: π ≤ .25 versus H1: π > .25. Choose the right option. Reject H0 if zcalc > 1.645 Reject H0 if zcalc < 1.645 a b (a-2) Calculate the test statistic. (Round your answer to 4 decimal places.)Test statistic
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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A sample of 100 mortgages approved during the current year showed that 31 were issued to a single-earner family or individual. The historical percentage is 25 percent.
At the .05 level of significance in a right-tailed test, has the percentage of single-earner or individual mortgages risen?
(a-1) H0: π ≤ .25 versus H1: π > .25. Choose the right option.
- Reject H0 if zcalc > 1.645
- Reject H0 if zcalc < 1.645
-
a
-
b
(a-2) Calculate the test statistic. (Round your answer to 4 decimal places.)
Test statistic
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