In: Economics
Answer:
It is common to compare two quantities, like comparing two meanings. If the 2 approximate proportions are different, it's going to ensue to a difference in population or it should be due to chance. A hypothetical test helps to check whether the approximate difference in size reflects the difference in the proportions of the population.
Many different types of tests are used in statistics when comparing two population proportions (e.g. z test, chi square test, t test). If you use the Z test:
This test is used for differences in proportion. The two-dimensional Z-test allows you to match two quantities to work out if they're the identical.
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