Examlex

Solved

Perform a Test for Homogeneity of Proportions
-A Random Sample α=0.05\alpha = 0.05

question 7

Short Answer

Perform a Test for Homogeneity of Proportions
-A random sample of 400 men and 400 women was randomly selected and asked whether they planned to attend a concert in the next month. The results are listed below. Perform a homogeneity of proportions test to test the claim that the proportion of men who plan to attend a concert in the next month is the same as the proportion of women who plan to attend a concert in the next month. Use α=0.05\alpha = 0.05 .
 Men  Women  Plan to attend concert 230255 Don’t plan to attend concert 170145\begin{array}{l|cc} & \text { Men } & \text { Women } \\\hline \text { Plan to attend concert } & 230 & 255 \\\text { Don't plan to attend concert } & 170 & 145\end{array}


Definitions:

Cash Dividend

A cash distribution given to shareholders from a company's earnings.

Unlimited Liability

A legal structure in business where the owners are personally responsible for all of the company's debts, putting their personal assets at risk.

Partnership Form

A lawful business arrangement where two or more people share both the management responsibilities and the profits.

Interest Allowance

An amount allowed for interest, which can refer to the interest expense permitted on debt or the interest credited to an account; specifics can vary based on context.

Related Questions