In April of 2011,the unemployment rate in Canada was reported to be 7.6%.Suppose that Statistics Canada claims that the current unemployment rate is lower than that of April 2011.To test their belief,they plan to take a random sample size of 1000 people.If they plan to perform the test at α = 0.05 and the unemployment rate is currently 7.1%,what is the power of the test?
A) 0.1401
B) 0.1326
C) 0.8674
D) 0.9215
E) 0.8599
Correct Answer:
Verified
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