A recent article posted by the Pew Public Survey Research si

A recent article posted by the Pew Public Survey Research site has indicated the American public is divided over tougher economic regulations. The new Congress is debating rolling back some provisions of the Dodd-Frank economic regulation law. This law was created to help regulate financial institution and markets. The article went on to show results on the divide in opinion among surveyed American adults. What might be the opinions of Nevada residents? To investigate, 500 residents were surveyed and asked the following question related to government regulation on financial markets: What is your opinion on the current status of government regulation of financial institutions and markets? 1) The current regulatory laws are too strict; 2) The current regulatory laws are not strict enough; 3) The current regulatory laws are about right. The responses were cross-classified against several demographic characteristics. Tables were developed to summarize the data. The table you will use for the data will be provided in class. Use the table summary to perform the appropriate test to determine whether the respondent

Solution

The test hypothesis:

Ho: the respondent