1 answer

Suppose a recent business article reported that 33% of small business owners in the United States...

Question:

Suppose a recent business article reported that 33% of small business owners in the United States preferred a Simplified Empl

Suppose a recent business article reported that 33% of small business owners in the United States preferred a Simplified Employee Pensions Individual Retirement Account (SEP IRA) to a Roth IRA. The local chamber of commerce wanted to see if the proportion of small business owners who prefer the SEP IRA was greater in their community. They randomly sampled 100 small business owners and asked which of the two retirement accounts they preferred. The survey found that 36 small business owners preferred the SEP IRA. A one-sample z-test will be used to determine if the local community proportion is greater than the proportion in the United States. Choose the claim that best completes the following sentence. The proportion of small business owners in the local community who favor the SEP IRA is greater than 33%. local community who favor the SEP IRA is greater than 36%. United States who favor the SEP IRA is equal to 33%. United States who favor the SEP IRA is less than 36%. United States who favor the SEP IRA is greater than 36%. local community who favor the SEP IRA is equal to 36%.

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The proportion of business owners in the local community who favor SEP IRA is greater than 33%

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