Politician
in an Effort to Test the Hypothesis That the Proportion

question 136

Essay

Politician
In an effort to test the hypothesis that the proportion of voters in the younger than 40 year old age bracket who will vote for a particular politician is different than the proportion voters in the above 40 age bracket,the following data was collected.
$$\begin{array} { | l | c | c | } \hline \text { Papulation } & \begin{array} { c } \text { Number Wha Will Vate } \\\text { far Palitician }\end{array} & \text { Sample Size } \\\hline \text { Below 40 } & 348 & 700 \\\hline \text { Above 40 } & 290 & 650 \\\hline\end{array}$$
-State the null and alternative hypotheses.
Use $\alpha$ = 0.10.State the decision rule in terms of the critical value.

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Definitions:

Adjusting Journal Entries

Adjusting journal entries are made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Debit Portion

The segment of a financial transaction recorded on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities or equity.

Expense Account

An account that tracks the costs incurred by a company in its operational activities, such as rent, utilities, and salaries.

Credit Portion

The segment of a financial transaction that records a decrease in assets or an increase in liabilities on a balance sheet.