Statistics
posted by Polly on .
A test of 60 youths and 140 adults showed that 22 of the youths and 10 of the adults were careless drivers. Use a 1% level of significance to test the claim that the youth percentage of careless drivers is higher than the adult percentage. Next find the 99% confidence interval for this problem.

what the expected impact on the total revenue of a firm  price ekasticity of demand is known to be 0.5, and the firm raises price by 10 percent