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Use the following information to answer the question. A researcher is wondering whether the drinking habits of adults in a certain region of the country are in the same proportion as the general population of adults. Suppose a recent study stated that the proportion of adults who reported drinking once a week or less in the last month was 0.26. The null hypothesis for this test is H0: p = 0.26 and the alternative hypothesis is Ha: p < 0.26. The researcher collected data from 150 surveys he handed out at a busy park located in the region.
-Check that the conditions hold so that the sampling distribution of the z- statistic will approximately follow the standard normal distribution. Are the conditions satisfied? If not, choose the condition that is not satisfied.
Capital Balance
The amount of money that a business or individual has invested in an asset or enterprise, reflecting the equity or ownership interest.
Partnership
A legitimately structured partnership where two or more persons share both the administrative roles and the profits.
Business For Profit
An organization engaged in commercial, industrial, or professional activities with the aim of generating income exceeding expenses.
Mutual Agency
A principle in partnership where each partner is authorized to act on behalf of the partnership and bind it with their actions.
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