Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a local church parish wants to raise money to add

A local church parish wants to raise money to add to their campus. In a...

60.1K

Verified Solution

Question

Finance

image

A local church parish wants to raise money to add to their campus. In a sample from a previous fund raising campaign, the parish found that of the 134 people in the sample they contacted, that 70 actually contributed money. Of those that contributed money, the average contribution was $865 with a standard deviation of $215. In the recent fundraising campaign, a sample of 91 people revealed that 50 have contributed money with an average contribution of $1,159 and a standard deviation of $336. When testing (at the 5% level of significance) whether the proportion of peole who are contributing has increased, what is the test statistic? (please round your answer to 2 decimal places)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

TCO C, D) In the absence of express agreement to the contrary, partners in a general...

Chemistry
1.2K views

Consider a different titration for this exercise. Potassium permanganate (KMnO4) is the titrant and hydrogen peroxide...

Chemistry
1.2K views

Mg standard Absorbance %RSD 0.5 0.09533 0.3 1 0.1209 0.2 2 0.17304 0.3 5 0.28137 0.2 10 0.56901 0.5 20 0.87153 0.3 5 mL Unk 0.14296 0.2 [1] Make a calibration curve using the absorbances for the samples from 0.5...

Mechanical Engineering
1.2K views

What role does the manifold and production header play in a surface facility designed for...

Advance Math
1.2K views

A binary string is a “word” in which each “letter” can only be 0 or 1 Prove...

Basic Math
1.2K views

Conditions for instruments to be valid include all of the following except: (A) each one of...

Geometry
1.2K views

Write an equation for the line perpendicular to y 6x 5 that contains 2 10...

Basic Math
1.2K views

Find a polynomial of the form f x ax bx cx d such that f...

Accounting
1.2K views

what are purchase discounts? Describe how they are stated.

Accounting
1.2K views

Current Attempt in Progress Swifty Company owns machinery that cost $756,000 and has accumulated depreciation...

Accounting
1.2K views

QS 21-5 Accounting for small stock dividends [LO3] The stockholders' equity section of Jun Company's...

Accounting
1.2K views

Consider the data in the table below for your options in savings: i. How much...