12:52PM Mon Jul 221 Ho: P=0.72He: P > 0.72α= 0.11=70p=0.8Use the P-Value approach & State theConclusionf. Value Lα Reject HoPMean $242.64·Ho: M= 242.64H₁iM<242.64JEDTtбатриn = 70 X = $176.465=$163.56>-

Calculate the test statistic z:z=np0(1−p0)p^−p0Based from the given, p^=0.8p0=0.72n=70…

Answered: 12:52PM Mon Jul 2 21 Ho: P=0.72 He: P >…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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12:52PM Mon Jul 2 21 Ho: P=0.72 He: P > 0.72 α= 0.1 1=70 p=0.8 Use the P-Value approach & State the Conclusion f. Value Lα Reject Ho P Mean $242.64 ·Ho: M= 242.64 H₁i M<242.64 JED Tt батри n = 70 X = $176.46 5=$163.56 > -