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5. A Retirement Confidence Survey if 1153 workers and retirees in the US, 55 years of...

5.

A Retirement Confidence Survey if 1153 workers and retirees in the US, 55 years of age and older

conducted by AARP in 2010 found that 496 had less than $10,000 in savings. A survey of 1300 adults

in the same age group was conducted recently. Which one of the following statistical tests would be

most appropriate for establishing whether that parameter is different today?

a) One-sample test for population mean (t-test)

b) One-sample test for a population proportion (z-test)

c) Matched pairs (dependent samples) test for difference of means (t-test)

d)Two-sample (independent samples) test for difference of means (t-test)

e) Two-sample test for difference of population proportions (z-test)

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Answer #1

option E is correct

b) e) Two-sample test for difference of population proportions (z-test)

(since we are testing population proportion difference)

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