Essay
Physicians A random sample of 200 physicians shows that there are 36 of them who make at least $400,000 a year. {Physicians Narrative} Can we conclude at the 1% significance level that the true proportion of physicians in the population who make at least $400,000 a year is less than 0.24?
Correct Answer:

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H 0: p = 0.24, H 1: p z - z 0.01 = - 2.33 Test...View Answer
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