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In 2003, The World Wealth Report first started publishing market shares of global millionaires (The Wall Street Journal, June 25, 2008). At this time, the distribution of the world's people worth $1 million or more was as follows: (You may find it useful to reference the appropriate table: chi-square table or F table) Region Europe North America Asia Pacific Latin America Middle East Millionaires 35.7% 31.4% 22.9% 4.3% 4.3% Africa 1.4% Source: The Wealth Report, 2003. A recent sample of 500 global millionaires produces the following results: Region Europe North America Asia Pacific Number of Millionaires 153 163 139 Latin America Middle East Africa 20 20 Testwhethor

In 2003, The World Wealth Report first started publishing market shares of global millionaires (The Wall Street Journal, June 25, 2008). At this time, the distribution of the world's people worth $1 million or more was as follows: (You may find it useful to reference the appropriate table: chi-square table or F table) Region Europe North America Asia Pacific Latin America Middle East Millionaires 35.7% 31.4% 22.9% 4.3% 4.3% Africa 1.4% Source: The Wealth Report, 2003. A recent sample of 500 global millionaires produces the following results: Region Europe North America Asia Pacific Number of Millionaires 153 163 139 Latin America Middle East Africa 20 20 Testwhethor

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 23PPS
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Test whether the distribution of millionaires in 2011 is different from the distribution in 2003 at a = 0.05. a-1. Choose the appropriate alternative hypothesis for the test. O All population proportions differ from their hypothesized values. O At least one of the population proportions differs from its hypothesized value. a-2. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic a-3. Find the p-value. O p-value < 0.01 O 0.01 s p-value < 0.025 O 0.025 s p-value <0.05 O 0.05 s p-value < 0.10
Transcribed Image Text:Test whether the distribution of millionaires in 2011 is different from the distribution in 2003 at a = 0.05. a-1. Choose the appropriate alternative hypothesis for the test. O All population proportions differ from their hypothesized values. O At least one of the population proportions differs from its hypothesized value. a-2. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.) Test statistic a-3. Find the p-value. O p-value < 0.01 O 0.01 s p-value < 0.025 O 0.025 s p-value <0.05 O 0.05 s p-value < 0.10
In 2003, The World Wealth Report first started publishing market shares of global millionaires (The Wall Street Journal, June 25, 2008). At this time, the distribution of the world's people worth $1 million or more was as follows: (You may find it useful to reference the appropriate table: chi-square table or F table) Region Europe North America Asia Pacific Latin America Middle East Africa Millionaires 35.7% 31.4% 22.9% 4.3% 4.3% 1.4% Source: The Wealth Report, 2003. A recent sample of 500 global millionaires produces the following results: Region Europe North America Number of Millionaires 153 163 Asia Pacific 139 Latin America 20 Middle East 20 Africa 15 Test whether the distribution of millionaires in 2011 is different from the distribution in 2003 at g= 0,05.
Transcribed Image Text:In 2003, The World Wealth Report first started publishing market shares of global millionaires (The Wall Street Journal, June 25, 2008). At this time, the distribution of the world's people worth $1 million or more was as follows: (You may find it useful to reference the appropriate table: chi-square table or F table) Region Europe North America Asia Pacific Latin America Middle East Africa Millionaires 35.7% 31.4% 22.9% 4.3% 4.3% 1.4% Source: The Wealth Report, 2003. A recent sample of 500 global millionaires produces the following results: Region Europe North America Number of Millionaires 153 163 Asia Pacific 139 Latin America 20 Middle East 20 Africa 15 Test whether the distribution of millionaires in 2011 is different from the distribution in 2003 at g= 0,05.
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