Let P₁ Represent the Population Proportion of U

question 67

Multiple Choice

Let p₁ represent the population proportion of U.S.Senate and Congress (House of Representatives) democrats who are in favor of a new modest tax on "junk food".Let p₂ represent the population proportion of U.S.Senate and Congress (House of Representative) republicans who are in favor of a new modest tax on "junk food".Out of the 265 democratic senators and congressman 106 of them are in favor of a "junk food" tax.Out of the 285 republican senators and congressman only 57 of them are in favor of a "junk food" tax.At = .01,can we conclude that the proportion of democrats who favor "junk food" tax is more than 5% higher than proportion of republicans who favor the new tax?

• A)Yes
• B)No

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Definitions:

Partnership Affairs

Partnership Affairs refers to the various business activities, decisions, and responsibilities managed between partners in a business partnership, including profit distribution, losses, and decision-making processes.

Communicating Accounting

The process of effectively conveying financial information and analyses to stakeholders through various means such as reports and presentations.

Financial Information System

A computerized system that collects, processes, stores, and reports financial data to assist in decision-making and control.

Dollars and Cents

The basic units of currency in many countries, including the United States, representing the monetary value of goods, services, or financial transactions.