In a sample of 1000
home buyers, you find that 401
home buyers found their real estate agent through a friend. At α=0.6,
can you reject the claim that 45%
of home buyers find their real estate agent through a friend?
calculate the critical value of z0 and the standardized test statistic.
We reject the null hypothesis that 45% of home buyers... View the full answer
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Ho: p = 0.45 Ha: p ≠ 0.45 Test statistics: Z = -3.12 approx. Decision Rule: Reject the null if,... View the full answer
Answer: The claim that 45% of people buying home have found their real estate... View the full answer