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A survey was conducted to determine attitudes about inheritance from adults of different ages. A ...

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A survey was conducted to determine attitudes about inheritance from adults of different ages. A ...

A survey was conducted to determine attitudes about inheritance from adults of different ages. A random sample of 100 adults age 72 or older found that 22 of them agree that parents have a duty to leave an inheritance to their children. A random sample of 125 baby boomers (ages 47-66) found that 20 of them agree that parents have a duty to leave an inheritance to their children. Define Population 1 as adults age 72 or older and Population 2 as baby boomers. Use the critical value approach to test the hypothesis that a difference exists in the proportion of adults that agree with this statement with α = 0.05.

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Business Statistics

Edition: 2^nd

Author: Donnelly

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