and Lexington Park, Maryland, as the four U.S. cities with the highest percentage of millionaires (Kiplinger website). Consider a sample of data that show the following number of millionaires for samples of individuals from each of the f cities. Bridgeport, Washington, CT CA D.C. 46 36 38 454 264 362 a. What is the estimate of the percentage of millionaires in each of these cities (to 1 decimal)? Millionaire Yes No Bridgeport, CT San Jose, CA San Jose, Washington, D.C. City D Lexington Park, MD Lexington Park, MD 34 366 Percentage, % b. Using a = 0.05 level of significance, test for the equality of the population proportion of millionaires for these four c What is the p-value? Compute the value of the x² test statistic (to 3 decimals). Use Table 3 of Appendix B to find the p-value. The p-value is Select your answer- What is your conclusion? Select your answer that there is a difference among the population proportion of millionaires for these four cities.

MATLAB: An Introduction with Applications
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Chapter1: Starting With Matlab
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In a 2018 study, Phoenix Marketing International identified Bridgeport, Connecticut; San Jose, California; Washington, DC)
and Lexington Park, Maryland, as the four U.S. cities with the highest percentage of millionaires (Kiplinger website).
Consider a sample of data that show the following number of millionaires for samples of individuals from each of the four-
cities.
Millionaire
Yes
No
Bridgeport,
CT
Bridgeport,
CT
46
San Jose,
CA
36
264
Use Table 3 of Appendix B to find the p-value.
The p-value is Select your answer -
What is your conclusion?
Select your answer -
San Jose, Washington,
CA
D.C.
454
362
a. What is the estimate of the percentage of millionaires in each of these cities (to 1 decimal)?
city
Washington,
D.C.
D
38
Lexington Park,
Lexington Park,
MD
MD
34
Percentage, %
b. Using a = 0.05 level of significance, test for the equality of the population proportion of millionaires for these four cities.
What is the p-value?
Compute the value of the x² test statistic (to 3 decimals).
366
that there is a difference among the population proportion of millionaires for these four cities.
Transcribed Image Text:In a 2018 study, Phoenix Marketing International identified Bridgeport, Connecticut; San Jose, California; Washington, DC) and Lexington Park, Maryland, as the four U.S. cities with the highest percentage of millionaires (Kiplinger website). Consider a sample of data that show the following number of millionaires for samples of individuals from each of the four- cities. Millionaire Yes No Bridgeport, CT Bridgeport, CT 46 San Jose, CA 36 264 Use Table 3 of Appendix B to find the p-value. The p-value is Select your answer - What is your conclusion? Select your answer - San Jose, Washington, CA D.C. 454 362 a. What is the estimate of the percentage of millionaires in each of these cities (to 1 decimal)? city Washington, D.C. D 38 Lexington Park, Lexington Park, MD MD 34 Percentage, % b. Using a = 0.05 level of significance, test for the equality of the population proportion of millionaires for these four cities. What is the p-value? Compute the value of the x² test statistic (to 3 decimals). 366 that there is a difference among the population proportion of millionaires for these four cities.
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