Q.6.1 A national publishing house claims that 37% of all weekly magazine readers in South Africa read their publication. Test this claim at the 1% significance level, if a survey found that 140 out of a random sample of 400 magazine readers said that they read the relevant publication.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 4BGP
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Q.6.1 A national publishing house claims that 37% of all weekly magazine readers in South Africa read their publication. Test this claim at the 1% significance level, if a survey found that 140 out of a random sample of 400 magazine readers said that they read the relevant publication. 

Q.6.2 The CEO of a large financial institution claims that, on average, their clients invest more than R45 000 per year in a particular portfolio. Test this claim at the 5% significance level if it was found that a sample of 21 clients invested an average of R44 500 in the portfolio over the last year, with a standard deviation of R5 500. 

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