Refer to Exercise 1. You want to set up a test for the following hypotheses: H 0

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Refer to Exercise 1.

You want to set up a test for the following hypotheses: H₀: π > .4 H_a: π < .4 You will have a random sample of 200 population members to make your decision.

a. Compute the pvalue for the .365 sample result and explain what it means.

b. Use the pvalue from part a to decide whether you will reject the null hypothesis. Explain your decision.

c. Would you reject the null hypothesis if the significance level was .01? Explain

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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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Question Posted: Jul 16, 2015 05:22 PM

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Refer to Exercise 1. You want to set up a test for the following hypotheses: H 0

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a For a z value of 101 the normal table gives an area o...View the full answer

Understanding Business Statistics

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