Question: These questions always trick me how do i decide how to chose the correct solution? Executives for a car manufacturing company want to know whether

These questions always trick me how do i decide how to chose the correct solution?

Executives for a car manufacturing company want to know whether more than 25% of their customers want electric cars. They plan to test the hypothesisH0:p=0.25{"version":"1.1","math":"H_0: p=0.25"}againstHa:p>0.25{"version":"1.1","math":"H_a: p>0.25"}. What would be the Type II error for this test?

The Type II error would be rejectingthe claim thatp=0.25{"version":"1.1","math":"p = 0.25"}when it is true.

The Type II error would be failing to rejectthe claim thatp=0.25{"version":"1.1","math":"p = 0.25"}when it istrue.

The Type II error would berejectingthe claim thatp=0.25{"version":"1.1","math":"p = 0.25"}when it is false.

The Type II error would be failing to rejectthe claim thatp=0.25{"version":"1.1","math":"p = 0.25"}when it is false.

Federal officials are studying educational debt in the U.S.. The total amount of money owed by individual college graduates in educational loans in the U.S. has a population standard deviation of=$4,328{"version":"1.1","math":"\sigma=\$4,328"}.

The officials are testing the hypothesisH0:=$23,000{"version":"1.1","math":"H_0:\mu = \$23,000"}againstHa:>$23,000{"version":"1.1","math":"H_a:\mu > \$23,000"}and have rejected the null hypothesis. Select the option thatbest expresses the conclusion of this hypothesis test.

There is insufficientevidence to conclude that the mean educational debt of individual college graduates is less than$23,000.

There is sufficientevidence to conclude that the mean educational debt of individual college graduates isless than$23,000.

There isinsufficientevidence to conclude that the mean educational debt of individual college graduates is about$23,000.

There is sufficientevidence to conclude that the mean educational debt of individual college graduates is about$23,000.

There isinsufficientevidence to conclude that the mean educational debt of individual college graduates is greater than$23,000.

There is sufficientevidence to conclude that the mean educational debt of individual college graduates is greater than$23,000.

There isinsufficientevidence to conclude that the mean educational debt of individual college graduates is different from$23,000.

There is sufficientevidence to conclude that the mean educational debt of individual college graduates is different from$23,000.

Save

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Mathematics Questions!