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Assume That You Plan to Use a Significance Level Of \alpha

question 53

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Assume that you plan to use a significance level of α=0.05\alpha = 0.05 to test the claim that p1=p2p _ { 1 } = p _ { 2 } . Use the given sample sizes and numbers of successes to find the pooled estimate pˉ\bar { p } . Round your answer to the nearest thousandth.
n1=100n2=100x1=42x2=45\begin{array} { l l } n _ { 1 } = 100 & n _ { 2 } = 100 \\x _ { 1 } = 42 & x _ { 2 } = 45\end{array}


Definitions:

Minimize Costs

The process of finding ways to reduce expenses and lower the cost of production in order to increase profitability.

Last Dollar

The concept of last dollar refers to the final portion of funding or resources available for a project, initiative, or individual, often indicating the utilization of all available funds.

Minimize Costs

The process or strategy of reducing expenses to the lowest possible level while maintaining efficiency.

Last Dollar

The final unit of currency spent or invested in the completion of a transaction or project.

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