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Author Question: Previous research indicates that 20% of homeowners do not carry sufficient homeowners insurance to ... (Read 67 times)

sh03641

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Previous research indicates that 20% of homeowners do not carry sufficient homeowner’s insurance to adequately protect their investment. An insurance agency conducts a major advertising campaign in an attempt to rectify this situation. After the campaign, the agency randomly surveys 150 homeowners and find that 20 of them do not carry sufficient insurance. Does it appear that the proportion of homeowners without sufficient insurance was less after the ad campaign? State the critical value (CV), test statistic (TS), and decision from the test. (Useα= 0.05.)

CV = –1.2816; TS = –2.40; fail to rejectH0


CV = –2.3263; TS = –2.04; rejectH0


CV = 2.3263; TS = –2.04; fail to rejectH0


CV = 1.2816; TS = 2.04; rejectH0



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Marked as best answer by sh03641 on Feb 26, 2023

JulianneMu

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sh03641

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Reply 2 on: Feb 26, 2023
Great answer, keep it coming :)


bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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