A Weight Loss Centre Provided a Loss for 72% of Its

question 12

Essay

A weight loss centre provided a loss for 72% of its participants.The centre's leader decides to test a new weight loss strategy on a random sample size of 140 and found weight loss in 78% of the participants.Test an appropriate hypothesis using α = 0.05 and state your conclusion.Be sure the appropriate assumptions and conditions are satisfied before you proceed.

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Definitions:

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, starting in the United States.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies of governments.

Classical Economists

Early economists, such as Adam Smith and David Ricardo, who focused on the role of free markets in promoting economic growth and efficiency.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.