Question

The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or...

The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or higher (The Wall Street Journal). A random sample of 122 employees in the private sector showed that 34 have a bachelor's degree or higher. Does this indicate that the percentage of employees holding bachelor's degrees or higher in the private sector is less than in the federal civilian sector? Use α = 0.05.

Homework Answers

Answer #1

Given that population proportion po = 0.36 and sample proportion p(hat) = 34/122 = 0.28, sample size is n = 122

Null hypothesis Ho: p = 0.36

Alternate hypothesis Ha: p<0.36

z test statistics =

using z table, check -1.8 in the left column and 0.04 in the top row, then select the intersecting cell, we get

p value = 0.0329

p value is less than significance level 0.05, rejecting the null hypothesis.

So, result indicate that the percentage of employees holding bachelor's degrees or higher in the private sector is less than in the federal civilian sector

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or...
The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or higher (The Wall Street Journal). A random sample of 123 employees in the private sector showed that 32 have a bachelor's degree or higher. Does this indicate that the percentage of employees holding bachelor's degrees or higher in the private sector is less than in the federal civilian sector? Use α = 0.05. What is the value of the sample test statistic? (Round your...
The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or...
The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or higher (The Wall Street Journal). A random sample of 117 employees in the private sector showed that 30 have a bachelor's degree or higher. Does this indicate that the percentage of employees holding bachelor's degrees or higher in the private sector is less than in the federal civilian sector? Use α = 0.05. What are we testing in this problem? single meansingle proportion     What...
The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or...
The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or higher (The Wall Street Journal). A random sample of 123 employees in the private sector showed that 32have a bachelor's degree or higher. Does this indicate that the percentage of employees holding bachelor's degrees or higher in the private sector is less than in the federal civilian sector? Use α = 0.05. a. What are we testing in this problem? single mean single proportion     ...
The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or...
The Congressional Budget Office reports that 36% of federal civilian employees have a bachelor's degree or higher (The Wall Street Journal). A random sample of 115 employees in the private sector showed that 32 have a bachelor's degree or higher. Does this indicate that the percentage of employees holding bachelor's degrees or higher in the private sector is less than in the federal civilian sector? Use α = 0.05. a.) What are we testing in this problem? -single proportion -single...
exam3 #12 CBO expects higher​ long-term deficits The Congressional Budget Office​ (CBO) says the national debt...
exam3 #12 CBO expects higher​ long-term deficits The Congressional Budget Office​ (CBO) says the national debt is on an upward path and will hit 122 percent of GDP in 2040. Healthcare programs and Social Security benefits are the large drivers of spending over the coming decades. ​Source: The Wall Street Journal​, July​ 12, 2016 If the government decided to slow the growth of debt by cutting transfer payments and raising taxes by the same​ amount, how would this fiscal policy...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
Gender Bias in the Executive Suite Worldwide The Grant Thornton International Business Report (IBR) has described...
Gender Bias in the Executive Suite Worldwide The Grant Thornton International Business Report (IBR) has described itself as "a quarterly survey of business leaders from across the globe … surveying 11,500 businesses in 40 economies across the globe on an annual basis." 1 According to the 2011 IBR, the Asia Pacific region had a higher percentage (27 percent) of female chief executive officers (CEOs) than Europe and North America. Japan is the only Asia Pacific region exception. The report further...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT