A publisher reports that 51% of their readers own a laptop. A marketing executive wants to test the claim that the percentage is actually different from the reported percentage. A random sample of 220 found that 47% of the readers owned a laptop. Find the value of the test statistic. Round your answer to two decimal places.
Solution :
Given that,
= 0.51
1 - = 0.49
n = 220
Point estimate = sample proportion = = 0.47
Test statistics
z = ( - ) / *(1-) / n
= ( 0.47 - 0.51) / (0.51*0.49) /220
= -1.19
The value of test statistic is -1.19
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