A Survey Found That in a Random Sample of 72 $\alpha = 0.05$

question 66

Multiple Choice

A survey found that in a random sample of 72 families, 21 owned dogs. A survey done 15 years ago found that in a random sample of 63 families, 28 owned dogs. At $\alpha = 0.05$ , has the proportion of dog owners changed over the 15 -year period? USe the $P$ -value method.

• A) There is not enough information to draw a conclusion.
• B) No. There is not sufficient evidence to conclude that the proportion of dog owners has changed.
• C) Yes. There is sufficient evidence to conclude that the proportion of dog owners has changed.

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Definitions:

Financial Plan

A strategic roadmap designed to manage an individual's or an entity's current financial situation and future financial goals.

Sales Growth Expectations

Anticipations or forecasts about the future increase in sales revenue over a specified period.

Sustainable Growth Rate

The maximum rate at which a company can grow its sales, earnings, and dividends without increasing its equity and while maintaining its existing debt-equity ratio.

Debt-Equity Ratio

A calculation to determine a business's leverage by dividing its liabilities by the equity of its stockholders.