This question was posted on the America Online website: Do you believe the Loch Ness monster exists?
Question:
This question was posted on the America Online website: Do you believe the Loch Ness monster exists? Among 21,346 responses, 64% were "yes." Use a 0.01 significance level to test the claim that most people believe that the Loch Ness monster exists. How is the conclusion affected by the fact that Internet users who saw the question could decide whether to respond?
Test the given claim. Identify the null hypothesis, alternative hypothesis, test statistic, P-value, or critical value(s), then state the conclusion about the null hypothesis, as well as the final conclusion that addresses the original claim. Use the P-value method unless your instructor specifies otherwise. Use the normal distribution as an approximation to the binomial distribution, as described in Part 1 of this section.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
Mathematical Interest Theory
ISBN: 9781470465681
3rd Edition
Authors: Leslie Jane, James Daniel, Federer Vaaler