Question: If the p-value of the test statistic in a hypothesis test equals 0.04 and alpha is set at 5%, do you reject or fail to

If the p-value of the test statistic in a hypothesis test equals 0.04 and alpha is set at 5%, do you reject or fail to reject the null hypothesis?

Step by Step Solution

★★★★★

3.34 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The decision rule is If p value ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Analytics Data Questions!

Q:

Recall that Benford's Law claims that numbers chosen from very large data files tend to have "1" as the first nonzero digit disproportionately often. In fact, research has shown that if you randomly...

Q:

A set of solar batteries is used in a research satellite. The satellite can run on only one battery, but it runs best if more than one battery is used. The variance 2 of lifetimes of these batteries...

Q:

At elevated temperatures, sodium chlorate decomposes to produce sodium chloride and oxygen gas. 2NACIO3 2NaCI + 302 A 0.8758 g sample of impure sodium chlorate was heated until the production of...

Q:

4. (LO 3.6) If the p-value of the test statistic in a hypothesis test equals 0.04 and alpha is set at 5%, do you reject or fail to reject the null hypothesis?

Q:

In a sample of35adults, the mean assembly time for a child's swing set was1.78hours with a standard deviation of0.71hours. The makers of the swing set claim the average assembly time is less...

Q:

Use technology and at-test to test the claim about the population mean the given level of significance using the given sample statistics. Assume the population is normally...

Q:

linear regression questions. 1.Which of the following is a way to evaluate the Goodness-of-Fit of a linear regression? a.Consider the mean of the dependent variable b.Measure the Variance of the...

Q:

The p-value of the test statistic is 0.38. If the specified level of significance is 5%, what is the result of the hypothesis test? a) Failed to reject the Null Hypothesis b) Rejected the Null...

Q:

Section 8.2 Question #8 A 9-year-old girl did a science fair experiment in which she tested professional touch therapists to see if they could sense her energy field. She flipped a coin to select...

Q:

Test the claim that the proportion of men who own cats is smaller than the proportion of women who own cats at the .10 significance level. The null and alternative hypothesis would be: The test is...

Q:

As a new type of environmentally friendly, natural air freshener is being developed, it is tested to see whether the effects of temperature and humidity affect the length of time that the scent is...

Q:

Bentley Restorations Company restores and sells top-end classic and antique automobiles. Most of its customers are private collectors, but some are investors who buy multiple cars and hold them for...

Q:

Equity Instruments include Group of answer choices bonds. banks deposits. stocks. receipts.

Q:

6. Explain the primary principle of device failure protection.

Q:

a. Create a network flow model for this problem. (Consider inserting intermediate nodes in your network to assist in meeting the minimum monthly purchase restrictions for each supplier and the...

Q:

Identify reasonable values for M12 and M22 in the example on quantity discounts presented in section 6.15.2 of this chapter.

Q:

The following questions refer to the CRT Technologies project selection example presented in this chapter. Formulate a constraint to implement the conditions described in each of the following...

Q:

Hi, could you please tell me if this is right? The firms CFO is currently considering a transaction to repurchase shares using excess cash of $800,000. The value of the firms other assets is...

Q:

Anita Kroll and Aaron Rogers organize a partnership on January 1. Kroll's initial net investment is $89,000, consisting of cash ($32,000), equipment ($74,000), and a note payable reflecting a bank...

Q:

Ayala Company manufactures four products in a single production facility. The company uses activity-based costing. The following activities have been identified through the company's activity...