SOLUTION: Each month the National Association of Purchasing Managers publishes the NAPM index. One of the questions asked on the survey to purchasing agents is: Do you think the economy is c

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Question 630769: Each month the National Association of Purchasing Managers publishes the NAPM index. One of the questions asked on the survey to purchasing agents is: Do you think the economy is contracting? Last month, of the 300 responses, 160 answered yes to the question. This month, 170 of the 290 responses indicated they felt the economy was contracting.At the .05 significance level, can we conclude that a larger proportion of the agents believe the economy is contracting this month?
Answer by reviewermath(1029) About Me  (Show Source):
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Null Hypothesis: p%5B1%5D+=+p%5B2%5D
Alternative Hypothesis: p%5B1%5D+%3E+p%5B2%5D (claim)
Pooled proportion: 0.559322
Test Statistic, z: 1.2932
Critical z: 1.6449
P-Value: 0.0980
Fail to Reject the Null Hypothesis
Sample does not provide enough evidence to support the claim that a larger proportion of the agents believe the economy is contracting this month.