Use the One-Proportion Z-Test to Perform the Required Hypothesis Test

question 59

Essay

Use the one-proportion z-test to perform the required hypothesis test. Use the critical-value approach.
-In 2000, the percentage of adults in a certain town who drove an SUV was 53%. In 2005, in a random sample of 100 people from this town, 45% said that they drive an SUV. At the 10% level of significance, do the data provide sufficient evidence to conclude that the percentage of adults in this town who drive an SUV has changed from the 2000 percentage of 53%?

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Definitions:

Journal Entry

A record in the books of account that represents a financial transaction.

Payroll Taxes Expense

Taxes that employers are required to pay based on the wages and salaries of their employees, such as Social Security and Medicare taxes.

FICA Tax

A U.S. federal payroll tax used to fund Social Security and Medicare, distributed between employees and employers.

FUTA Tax

A United States federal tax levied on employers to fund state workforce agencies and unemployment benefits.