Modern Business Statistics with Microsoft Excel (MindTap Course List)
Modern Business Statistics with Microsoft Excel (MindTap Course List)
5th Edition
ISBN: 9781285433301
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: Cengage Learning
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Chapter 12, Problem 32SE

Phoenix Marketing International identified Bridgeport, Connecticut; Los Alamos, New Mexico; Naples, Florida; and Washington, DC, as the four U.S. cities with the highest percentage of millionaires. Data consistent with that study show the following number of millionaires for samples of individuals from each of the four cities.

Chapter 12, Problem 32SE, Phoenix Marketing International identified Bridgeport, Connecticut; Los Alamos, New Mexico; Naples,

  1. a. What is the estimate of the percentage of millionaires in each of these cities?
  2. b. Using a .05 level of significance, test for the equality of the population proportion of millionaires for these four cities. What is the p-value and what is your conclusion?
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Modern Business Statistics with Microsoft Excel (MindTap Course List)

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