Is a one sample or two sample z test be used for testing Lumber prices being affected by GDP?
The z test for one or two sample proportions test can be used for testing Lumber prices affected by GDP.
The z statistic for one sample proportion test is
, where is the hypothesis proportion , is the proportion of the sample and is the sample size.
The z statistics for two sample proportions test is
, where and are sample proportions, and are the sample size and , where and are no. of sucesses of sample 1 and sample 2 .
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