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 1820 American adults, 62 said that owning a home is a very important part of the American DreamPerform 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 5% significance level use both the p value and the critical value approaches. Round your answers for the observed value of zand the critical value of z to two decimal places , and the pvalue to four decimal places z observed= p-value= critical value=
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 1820 American adults, 62 said that owning a home is a very important part of the American DreamPerform 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 5% significance level use both the p value and the critical value approaches.
Round your answers for the observed value of zand the critical value of z to two decimal places , and the pvalue to four decimal places
z observed=
p-value=
critical value=
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