Population
in an Effort to Test the Hypothesis That the Proportion

question 34

Essay

Population
In an effort to test the hypothesis that the proportion of home ownership in the state of Delaware is different than the national proportion,the following data was collected.
$$\begin{array} { | l | c | c | } \hline \text { Population } & \text { Number of Home Owners } & \text { Sample Size } \\\hline \text { Delaware } & 310 & 500 \\\hline \text { Nation } & 390 & 600 \\\hline\end{array}$$
-Use $\alpha$ = 0.01.State your conclusions in terms of the p-value.

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Definitions:

Trading Investment

Short-term holdings of financial assets aimed at generating profits from short-term fluctuations in price or dealer's margin.

Common Shares

Equity securities representing ownership interests in a corporation, entitling holders to a share of the profits and assets, as well as voting rights.

Marketable Trading Investments

Short-term investments in securities that are bought and sold with the intention of generating profits on short-term differences in price.

Dividend Income

Income received from owning shares in a company, typically distributed from the company's earnings.