MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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An economist believes the unemployment rate in New Jersey as of June 2023 is different than the unemployment rate of 3.7% in 2022. She randomly selects 650 people aged 16 and over and found that 34 of them were currently unemployed, but looking for employment. Using the Minitao printout below, test the economist claim at the 0.10 significance level. Show all six steps to receive full credit.
Test and Cl for One Proportion: Unemployment
Method
p: event proportion
Exact method is used for this analysis.
Descriptive Statistics
N Event Sample p
95% Cl for p
650
34 0.052308 (0.036493, 0.072331)
Test
Null hypothesis
Ho: p = 0.037
Alternative hypothesis H1: p # 0.037
P-Value
0.061
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