In a survey of 500 randomly selected corporate CEOs and 1000 randomly selected small business owners, a minority of both the CEOs and the small business owners sampled cited government over-regulation as a significant problem. You use a chi-square test to test the hypothesis that the proportion of individuals who hold this opinion is the same in both populations represented here.The p-value for the sample result turns out to be 0.0831.If the significance level for the test is 5%, what should you conclude?
A)The proportion of individuals who hold this opinion is the same in both populations.
B)The proportion of individuals who hold this opinion is not the same in both populations.
C)You can't reject the hypothesis that the proportion of individuals who hold this opinion is the same in both populations.
D)You can't accept the hypothesis that the proportion of individuals who hold this opinion is not the same for both populations.

Question

Quizplus · Accepted Answer

Since the p-value (0.0831) is greater than the significance level (5% or 0.05), we fail to reject the null hypothesis. This means there isn't enough evidence to say the proportions are different.

In a Survey of 500 Randomly Selected Corporate CEOs and 1000