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# In a sample of 1000 home buyers, you find that 401 home buyers found their real estate agent through a friend. At =0.

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

critical value = + 1.88... View the full answer

Critical value of z 0 =3 and... View the full answer

Ho: p = 0.45 Ha: p ﻿ ≠ ﻿ 0.45 Test statistics: Z = -3.12 approx. Decision Rule: Reject the null if,... View the full answer

Using z -stats for one sample proportion: z = -3.115 z critical... View the full answer

Answer: The claim that 45% of people buying home have found their real estate... View the full answer

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