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Determine the unemployment rates in both cities

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Reference no: EM131696019

Question: Data from the Bureau of Labor Statistics indicate that in one recent year the unemployment rate in Cleveland was 7.5% and the unemployment rate in Chicago was 7.2%. Suppose that both figures are based on random samples of 1,000 people in each city. Test the null hypothesis that the unemployment rates in both cities are equal versus the alternative hypothesis that they are not equal. What is the p-value? State your conclusion.

Reference no: EM131696019

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