A Simple Random Sample of 60 Households in City 1

question 69

Multiple Choice

A simple random sample of 60 households in City 1 is taken.In the sample,there are 45 households that decorate their houses with lights for the holidays.A simple random sample of 50 households is also taken from the neighboring City 2.In the sample,there are 40 households that decorate their houses.We wish to estimate the difference in proportions of households that decorate their houses with lights for the holidays,with a 95% confidence interval.Under the null hypothesis of equality,of the proportions of households that decorate their houses in the two neighboring towns,what is the standard error of the difference in sample proportions?

• A)0.040
• B)0.0795
• C)0.0802
• D)0.1125

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Definitions:

Net Domestic Product

A measure of a nation's total economic output, adjusted for depreciation; it is the gross domestic product (GDP) minus the depreciation on a country’s capital goods.

National Income

The total amount of money earned within a country from the production of goods and services over a specified period, usually a year.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, stripping out the effects of inflation.

GDP

Gross Domestic Product, a measure of the total economic output of a country within a specific time period.