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

question 74

Multiple Choice

Assume that you plan to use a significance level of $\alpha = 0.05$ test the claim that p $\mathrm { p } _ { 1 } = \mathrm { p } _ { 2 }$ , Use the given sample sizes and
numbers of successes to find the pooled estimate $\overline { \mathrm { p } }$ . Round your answer to the nearest thousandth.
- $$\begin{array} { l l } \mathrm { n } _ { 1 } = 100 & \mathrm { n } _ { 2 } = 100 \\\mathrm { x } _ { 1 } = 42 & \mathrm { x } _ { 2 } = 45\end{array}$$

• A) 0.479
• B) 0.435
• C) 0.305
• D) 0.392

---

Definitions:

Demand Increased

A situation where the quantity of a product or service desired by buyers rises due to factors like income growth, taste changes, or price decreases of the product or complementary goods.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite of a normal good.

Downsloping

Refers to a curve or line moving downwards on a graph, often used in economics to describe demand curves where price and quantity demanded move in opposite directions.

Demand and Supply

The fundamental economic concept that describes the amount of a specific good or service that is available to consumers and the desire of consumers for it, considered as functions of its price.