Question

In a sample of 1200 people, exactly 690 are in education profession and rests are business person. Can we claim that business and education both are equally acceptable in this society? Give your conclusion at (i) 1% level of significance and (ii) 5% level of significance.

Answer 1

Answer:

In either cases, we cannot say that education profession and business are equally acceptable

Step-by-step explanation:

Total number of people in sample taken are 1200. Out of this 1200, 690 people are in education profession while the remaining are in business.

Number of people in business = 1200 - 690 = 510

Percentage of people in business = 510 / 1200 = 42.5%

With 1% level of significance, this would be 43%

With 5% level of significance this would be 45%

In either cases, we cannot say that education profession and business are equally acceptable