18. A credit card company claims that the mean time the customers spend onhold is 3.5 minutes. An employee of this company believes that customersspend more than 3.5 minutes on hold. A random sample of n = 36 calls isselected and the mean time the customers in this sample spent on hold was5.15 minutes. All conditions for inference were met and the p-value for theappropriate hypothesis test was 0.031. Which of the following statements is thebest interpretation of the p-value?(A) There is a 0.031 probability that the alternative hypothesis is true.(B) There is a 0.031 probability that the null hypothesis is true.(C) If the null hypothesis is true, there is a 0.031 probability of finding convincingevidence that 5.15 minutes is greater than 3.5 minutes.(D) If the null hypothesis is true, the probability of finding convincing evidence that thenull hypothesis is true is 0.031.(E) If the null hypothesis is true, the probability of observing a sample mean of at least5.15 minutes is 0.031.

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The p-value is defined as the probability of getting a result of a test when assuming that the null…

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18. A credit card company claims that the mean time the hold is 3.5 minutes. An employee of this company believes that customers spend more than 3.5 minutes on hold. A random sample of n = 36 calls is selected and the mean time the customers in this sample spent on hold was 5.15 minutes. All conditions for inference were met and the p-value for the appropriate hypothesis test was 0.031. Which of the following statements is the best interpretation of the p-value?

18. A credit card company claims that the mean time the hold is 3.5 minutes. An employee of this company believes that customers spend more than 3.5 minutes on hold. A random sample of n = 36 calls is selected and the mean time the customers in this sample spent on hold was 5.15 minutes. All conditions for inference were met and the p-value for the appropriate hypothesis test was 0.031. Which of the following statements is the best interpretation of the p-value?

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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