Question

In: Statistics and Probability

Random samples of 900 people in the United States and in Great Britain indicated that 60%...

Random samples of 900 people in the United States and in Great Britain indicated that 60% of the people in the United States were positive about the future economy, whereas 66% of the people in Great Britain were positive about the future economy.

a. Does this information provide strong evidence that the people in Great Britain are more optimistic about the economy at 5% significance level?

b. Find a 98% confidence interval for the difference between two population proportions.

Solutions

Expert Solution

The solution to this problem is given by

.


Related Solutions

During the 1950s, the United States imported wool from Great Britain, exporting wheat, while Great Britain...
During the 1950s, the United States imported wool from Great Britain, exporting wheat, while Great Britain imported wheat from the United States, exporting wool. In 1957 Hungarian-American economist Bela Balassa compared the production of wool and wheat in the United States and Great Britain. For both of these products, Balassa found that the United States could produce a larger amount of output than Great Britain. Some American politicians used this result to argue that there was no gain to the...
Approximately 60% of all part-time college students in the United States are female. In random samples...
Approximately 60% of all part-time college students in the United States are female. In random samples of size 100 taken from the population of all part-time college students: Describe the sampling distribution of the sample proportion of part-time female college students. What is the probability that the sample proportion of part-time female college students is at most 0.51? What is the probability that the sample proportion of part-time female college students is at least 0.67? What is the probability that...
2.  A multinational company has three subsidiaries located in the United States, Switzerland, and Great Britain. The...
2.  A multinational company has three subsidiaries located in the United States, Switzerland, and Great Britain. The company recently set up a multilateral netting center to help manage its foreign exchange exposure. Listed below are the average monthly invoices sent from each country to each of the other subsidiaries with which it does business. Calculate the net flows that will occur as a result of the new netting system. The company uses the U.S. dollar as the common referencing currency. Existing...
A researcher drew a random sample of 24 people seeking asylum in the United States and...
A researcher drew a random sample of 24 people seeking asylum in the United States and recorded whether they were granted amnesty ("yes" or "no"). The researcher also grouped them according to their gender ("male" or "female"). The results are below: Granted General Amnesty Gender of Asylum Seeker Yes No Male 5 4 Female 8 7 Enter this information into SPSS. Use this information to answer questions #4 - #7. Question 4 Identify the null hypothesis and research (alternative) hypothesis....
The United Kingdom (Great Britain) has left the European Union known as BREXIT.  Analyze and summarize the...
The United Kingdom (Great Britain) has left the European Union known as BREXIT.  Analyze and summarize the impact BREXIT will have on the European Union Nations, their objective moving forward, and changes to the economic and political role.
1. Why did the United States go to war with Britain in 1812? Which groups of...
1. Why did the United States go to war with Britain in 1812? Which groups of people supported and opposed the war? Why? 2. Examine the impact the War of 1812 had on American industrial development.
Is the United States and imperialist power?  Has the United States grown rich by exploiting other people?...
Is the United States and imperialist power?  Has the United States grown rich by exploiting other people? Do American companies engage in fair trade?  Has and does the United States use military and political power to force others to exchange products at unfair prices?   Is imperialism central to the success of American capitalism?
If at all, is China or Russia a great power competitor to the United States? (pick...
If at all, is China or Russia a great power competitor to the United States? (pick one) Please take all political/economical factors into consideration.
What happened with the United States Imports/Exports during the Great Recession?
What happened with the United States Imports/Exports during the Great Recession?
What happened the value of the United States dollar during the Great Recession?
What happened the value of the United States dollar during the Great Recession?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT