According to Money, 13 percent of all households own stocks. An economist wants to test this claim and see if the actual proportion is different from that claimed. In a random sample of 315 families, the economist finds that 56 of the households own stocks. For the appropriate testing problem we get a p-value of 0.4941 0.9883 0.0117 0.0059

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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According to Money, 13 percent of all
households own stocks. An economist
wants to test this claim and see if the
actual proportion is different from that
claimed. In a random sample of 315
families, the economist finds that 56 of
the households own stocks. For the
appropriate testing problem we get a
p-value of
0.4941
0.9883
0.0117
0.0059
Transcribed Image Text:According to Money, 13 percent of all households own stocks. An economist wants to test this claim and see if the actual proportion is different from that claimed. In a random sample of 315 families, the economist finds that 56 of the households own stocks. For the appropriate testing problem we get a p-value of 0.4941 0.9883 0.0117 0.0059
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