Examlex
A survey of 1500 Queenslanders reveals that 945 believe there is too much violence on television. In a survey of 1500 Western Australians, 810 believe that there is too much television violence.
Can we infer at the 1% significance level that the proportions of Queenslanders and Western Australians who believe that there is too much violence on television differ?
Autonomous Consumption
The level of consumption that occurs when income is zero; it is the base level of spending that must occur even if an individual has no income.
Total Consumption
The aggregate amount of goods and services consumed by individuals or entities within a particular economy.
Savings Rate
The savings rate is the proportion of disposable income that is saved by households rather than spent on consumption.
Conspicuous Consumption
The spending of money on and the acquisition of luxury goods and services to publicly display economic power or social status.
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