Essay
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A recent survey asked 124 purchasing managers what they thought would happen to inflation over the next quarter.Of those managers who thought the inflation rate would change,73 thought inflation would be higher,while 40 thought it would be lower.
-Is this sufficient evidence to conclude that the consensus opinion is that inflation is heading higher?
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H0 : P = 0.50 (no change),H1 : P > 0.50 (m...View Answer
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