a) A machine at a casino advertises that you will win big with probability 7% each time you play it. You suspect it is less than that. You play the game 500 times and win big in 25 of those games. Perform a hypothesis test. Let α = 0.05. Show all steps. (They are not listed below, so you will need to write them). H 0 : You win big proportion 0.07 of the time: p = 0.07 H 1 : You win big less than 0.07 of the time: p < 0.07 b) If we had α = 0.01, would you come to a different conclusion?
a) A machine at a casino advertises that you will win big with probability 7% each time you play it. You suspect it is less than that. You play the game 500 times and win big in 25 of those games. Perform a hypothesis test. Let α = 0.05. Show all steps. (They are not listed below, so you will need to write them). H 0 : You win big proportion 0.07 of the time: p = 0.07 H 1 : You win big less than 0.07 of the time: p < 0.07 b) If we had α = 0.01, would you come to a different conclusion?
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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a) A machine at a casino advertises that you will win big with probability 7% each
time you play it. You suspect it is less than that. You play the game 500 times and win
big in 25 of those games. Perform a hypothesis test. Let α = 0.05. Show all steps. (They
are not listed below, so you will need to write them).
H 0 : You win big proportion 0.07 of the time: p = 0.07
H 1 : You win big less than 0.07 of the time: p < 0.07
b) If we had α = 0.01, would you come to a different conclusion?
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