To Test the Null Hypothesis That the Difference Between Two

question 84

Essay

To test the null hypothesis that the difference between two population proportions is equal
to a nonzero constant c, use the test statistic $\mathrm{z}=\frac{\left(\hat{\mathrm{p}}_{1}-\hat{\mathrm{p}}_{2}\right)-\mathrm{c}}{\sqrt{\hat{p_{1}\left(1-\hat{p_{1}}\right) / \mathrm{n}_{1}+\hat{p_{2}}\left(1-\hat{p_{2}}\right) / \mathrm{n}_{2}}}}$ As long as n1 and n2 are both large, the sampling distribution of the test statistic z will be approximately the standard normal distribution. Given the sample data below, test the claim that the proportion of male voters who plan to vote Republican at the next presidential election is 10 percentage points more than the percentage of female voters who plan to vote Republican. Use the traditional method of hypothesis testing and use a significance level of 0.05.

Men: $\mathrm { n } _ { 1 } = 250 , \mathrm { x } _ { 1 } = 146$
Women: $n _ { 2 } = 202 , x _ { 2 } = 103$

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Definitions:

Monopolist

A single seller in a market, who has significant control over the price and supply of a specific good or service.

Marginal Cost

The increase in total cost resulting from producing one additional unit of a good or service.

Price Discriminate

A pricing strategy where a seller charges different prices for the same product or service to different customers, based not on costs, but on willingness to pay.

Economic Profit

The separation between overall turnover and cumulative costs, incorporating both direct and indirect expenditures.