Question

In: Statistics and Probability

Over the past several years, the proportion of one-person households has been increasing. The Census Bureau...

Over the past several years, the proportion of one-person households has been increasing. The Census Bureau would like to test the hypothesis that the proportion of one-person households exceeds 0.27. A random sample of 125 households found that 43 consisted of one person. The Census Bureau would like to set α = 0.05. Use the critical value approach to test this hypothesis

Solutions

Expert Solution

Let p denotes the true proportion of one-person households.

Conclusion in problem context :

There is sufficient evidence to support the claim that the hypothesis that the proportion of one-person households exceeds 0.27.

orchestra answered 1 year ago
Next > < Previous

Related Solutions

The Census Bureau gives this distribution for the number of people in American households in a...
The Census Bureau gives this distribution for the number of people in American households in a certain year. Family Size Proportion 1 0.29 2 0.34 3 0.15 4 0.13 5 0.06 6 0.02 7 0.01 Note: In this table, 7 actually represents households of size 7 or greater. But for purposes of this exercise, assume that it means only households of size exactly 7.) (a) This is also the probability distribution for the size of randomly chosen households. The expected...
Over the past several years, Catherine Lee has been able to save regularly. As a result,...
Over the past several years, Catherine Lee has been able to save regularly. As a result, she has $58,467 in savings and investments today. She wants to establish her own business in four years and feels she will need $100,000 to do so. Use the following table to answer the questions. If she can earn 3% on her money, how much will her $58,467 in savings/investments be worth in 4 years? Round the answer to the nearest cent. Round FV-factor...
Over the past several years, there have been increases in the number of farmers markets throughout...
Over the past several years, there have been increases in the number of farmers markets throughout the U.S. Additionally, during this period, the number of farmers markets accepting SNAP EBT (electronic benefits transfer of food stamps) increased as well. Explain in words the effect such simultaneous changes might have had on the market price and quantity of vegetables in the U.S. And explain the specific economic mechanisms involved. (Only use information given in this question; do not consider implications of...
Why is it that over the past several years employers have been moving from a defined...
Why is it that over the past several years employers have been moving from a defined benefit plan to a defined contribution plan?
Over the past several years, decommissioned U.S. warships have been turned into artificial reefs in the...
Over the past several years, decommissioned U.S. warships have been turned into artificial reefs in the ocean by towing them out to sea and sinking them. The thinking was that sinking the ship would conveniently dispose of it while providing an artificial reef environment for aquatic life. In reality, some of the sunken ships have released toxins into the ocean and have been costly to decontaminate. In the late 1990s, at least two international conventions have made it all but...
Over the past several years, decommissioned U.S. warships have been turned into artificial reefs in the...
Over the past several years, decommissioned U.S. warships have been turned into artificial reefs in the ocean by towing them out to sea and sinking them. The thinking was that sinking the ship would conveniently dispose of it while providing an artificial reef environment for aquatic life. In reality, some of the sunken ships have released toxins into the ocean and have been costly to decontaminate. In the late 1990s, at least two international conventions have made it all but...
Inflation for the past several years has been 3% and people believe it will continue to...
Inflation for the past several years has been 3% and people believe it will continue to be 3% in the future. The economy starts out at full employment. a. If a worker earned $20 an hour last year, how large is the raise you would expect the worker to receive in the next year’s contract? (Give a $ amount.) b. If all workers experience the same percentage wage change, will the AS curve shift up or down? Briefly explain. c....
Slagle Corporation is a large manufacturing organization. Over the past several years, it has obtained an...
Slagle Corporation is a large manufacturing organization. Over the past several years, it has obtained an important component used in its production process exclusively from Harrison, Inc., a relatively small company in Topeka, Kansas. Harrison charges $90 per unit for this part: Variable cost per unit $40 Fixed cost assigned per unit 30 Markup 20 Total price $90 In hopes of reducing manufacturing costs, Slagle purchases all of Harrison’s outstanding common stock. This new subsidiary continues to sell merchandise to...
Over the past several years, the demand for phone operators has fallen dramatically. Which of the...
Over the past several years, the demand for phone operators has fallen dramatically. Which of the following would be a reason for this development? an increase in the number of automated answering services a decrease in the technology associated with phone equipment an increase in the supply of phone operators higher prices for long-distance service Question 25 Figure: Payoff Matrix II for Jake and Zoe: Zoe Jake Competitive Strategy High Price Low Price High Price Jake earns=$1,000; Zoe earns =...
What have been the major sources of disruption over the past several years? What policies do...
What have been the major sources of disruption over the past several years? What policies do you recommend to address the sources of disruption you identified?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT