Sign In Sign Up Ask an AI advisor
Herbie3070
Herbie3070
19.12.2019 • 
Mathematics

Consider the following two questions designed to assess quantitative literacy: a. what is 15% of 1000? b. a store is offering a 15% off sale on all tvs. the most popular television is normally priced at 51000. how much moneywould a customer save on the television during this sale? suppose the first question is asked of 200 randomly selected college students, with 164 answering correctly; the secondone is asked ofa different random sample of 200 college students, resulting in 140 correct responses (the samplepercentages agree with those given in the article 'using the right yardstick: assessing financial literacy measures by wayof financial well-being," j. of consumer affairs, 2013: 243-262: the investigators found that those who answered suchquestions correctly, particularly questions with context, were significantly more successful in their investment decisionsthan those who did not answer correctly). carry out a test of hypotheses at significance level .05 to decide if the trueproportion of correct responses to the question without context exceeds that for the one with context

Solved
Show answers

Ask an AI advisor a question

I want advice