In a hypothesis test, a P-value of 0.001 indicates that you should support the alternative hypothesis. Does

Question:

In a hypothesis test, a P-value of 0.001 indicates that you should support the alternative hypothesis.
Does this statement make sense or not? Explain clearly.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Statistical Reasoning for Everyday Life

ISBN: 978-0321817624

4th edition

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

See More Books

Question Posted: Dec 23, 2015 07:58 AM

See More Questions

In this exercise we will show that a hypothesis test involving a binomial experiment is equivalent to a hypothesis test for a proportion (Section 7-5). Assume that a particular experiment has only...
A simple random sample of front-seat occupants involved in car crashes is obtained. Among 2823 occupants not wearing seat belts, 31 were killed. Among 7765 occupants wearing seat belts, 16 were...
A study investigated survival rates for in-hospital patients who suffered cardiac arrest. Among 58,593 patients who had cardiac arrest during the day, 11,604 survived and were discharged. Among...
Modify your Digraph class from the previous exercise to make a MultiDigraph class that allows parallel edges. For a test client, run a random- surfer simulation that matches RandomSurfer (Program...
Why will landed costs become a more important consideration as rms participate in more international logistics arrangements?
To define market segments, a company goes through a process of discovery that begins with research. Discuss the steps necessary to uncover, develop, define, and target specific markets.
Sometimes financial statements will show "unearned revenue." How does this arise? What type of transactions might be typical examples?
Backstreets Co. recently acquired all of jungle land, Inc:s net assets in a business acquisition. The cash purchase price was $12.6 million. Jungle land. Inc.'s assets and liabilities had the...
Can you explain how to set up this problem by providing a response to each prompt using physics concepts or formulas? Please include each math step so I can check my own work. This may involve the...
Using the following table, calculate the SLE, ARO, and ALE for each threat category listed. XYZ Software Company (Asset value: $1,200,000 in projected revenues) Cost per Incident Threat Category...
A null and alternative hypothesis are given. Without using the terms "null hypothesis" and "alternative hypothesis," identify the type I error and identify the type II error. H0. The mean length of a...
What do p, p, and P-value represent?
If we let k = c in Chebyshevs theorem, what does this theorem assert about the probability that a random variable will take on a value between c and + c?
How does the concept of intersectionality, as developed by Kimberl Crenshaw, challenge traditional understandings of identity and social categorization by highlighting the interconnectedness and...
A 14,000-kg bus is moving at 60.0 m/s. Calculate the work needed to slow the bus to a speed of 20.0 m/s
Can intersectionality be applied beyond its original focus on gender and race to illuminate the intersecting dimensions of power and inequality in areas such as disability, age, nationality, and...
A diver is filling an air tank for a dive in T C water. However, filling the tank takes place on land, where the temperature is 25 C . The tanks have a volume of V liters and are made from 10 kg of...
Bourne Incorporated reports a cash balance at the end of the month of $2,270. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions:...
Pure water is running into a brine solution, and the same amount of solution is running out. The number n of kilograms of salt in the solution after t min is found by solving the equation ln n =...
A manufacturer can sell product 1 at a profit of $20 per unit and product 2 at a profit of $40 per unit. Three units of raw material are needed to manufacture one unit of product 1, and six units of...
Consider the experiment of rolling a pair of dice. Suppose that we are interested in the sum of the face values showing on the dice. a. How many sample points are possible? b. List the sample points....
Fortune magazine publishes an annual list of the 500 largest companies in the United States. The corporate headquarters for the 500 companies are located in 38 different states. The following table...
Fortune magazine publishes an annual list of the 500 largest companies in the United States. The corporate headquarters for the 500 companies are located in 38 different states. The following table...
Discuss at least five of the formatting decisions you would have to make when typing a table. Compare the decisions you provided to those of two of your classmates. Do you agree or disagree with the...
1-2. Draw graphs of the following functions using transformations: 1. y = 2x-1 x-2' 2. y log2x+1|- 3.
Assume a simultaneous open market purchase of 100 million from the Bank of England and a repayment of a discount loan of 5 million from Bank A to the Bank of England. Show the overall change in their...

In a hypothesis test, a P-value of 0.001 indicates that you should support the alternative hypothesis. Does

Question:

Step by Step Answer:

This statement is sensible Small Pvalues ne...View the full answer

Statistical Reasoning for Everyday Life

Students also viewed these Statistics questions