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Let P Denote the Proportion of Houses That Are for Rent

Question 21

Short Answer

Let p denote the proportion of houses that are for rent in a neighborhood. For a large-sample z-test of Hp0 : = 0.15 versus Hpa : < 0.15 , find the P-value associated witheach of the following values of the z test statistic.
a) -1.75
b) -0.45

Correct Answer:

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a) 0.0401 ...

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