document.write( "Question 347135: A sample of 100 savings accounts at a certain bank showed that 20 were overdrawn. Another sample of 125 current accounts of the bank showed that 30 were overdrawn. Test, at a 0.02 level of significance, the null hypothesis that there is no difference in the proportion of overdrawn accounts.
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Algebra.Com's Answer #248356 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A sample of 100 savings accounts at a certain bank showed that 20 were overdrawn. Another sample of 125 current accounts of the bank showed that 30 were overdrawn. Test, at a 0.02 level of significance, the null hypothesis that there is no difference in the proportion of overdrawn accounts.\r \n" ); document.write( "\n" ); document.write( "----------------------------------------- \n" ); document.write( "Ho: p1-p2 = 0 \n" ); document.write( "Ha: p1-p2 is not equal to 0 \n" ); document.write( "---------------------------------- \n" ); document.write( "p1-hat = 20/100 \n" ); document.write( "p2-hat = 30/125 \n" ); document.write( "--------------------- \n" ); document.write( "alpha = 2% \n" ); document.write( "========================= \n" ); document.write( "I ran a 2-Prop Ztest and got the following: \n" ); document.write( "test stat: z = -0.7171 \n" ); document.write( "p-value: 0.4733 \n" ); document.write( "---- \n" ); document.write( "Since the p-value is greater than 2%, fail to reject Ho. \n" ); document.write( "============================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |