According to the Pew Research Center, 14% of adults rate basketball as their favorite sport. Your boss believes the proportion may be lower among adults over age 65, and wants you to collect evidence to see if this is true. You take a survey of adults over age 65, and only 12 out of 120 of them rate basketball as their favorite sport. You would like to set �=0.05. Your boss tells you that your firm will base some expensive decisions on the results of your hypothesis test, so a higher standard of evidence for rejecting the null hypothesis is needed. What should you do? Group of answer choices Keep the significance level the same but collect more data Increase the significance level to 10% Reduce the significance level to 1% Throw out observations that look suspicious
According to the Pew Research Center, 14% of adults rate basketball as their favorite sport. Your boss believes the proportion may be lower among adults over age 65, and wants you to collect evidence to see if this is true. You take a survey of adults over age 65, and only 12 out of 120 of them rate basketball as their favorite sport. You would like to set �=0.05. Your boss tells you that your firm will base some expensive decisions on the results of your hypothesis test, so a higher standard of evidence for rejecting the null hypothesis is needed. What should you do? Group of answer choices Keep the significance level the same but collect more data Increase the significance level to 10% Reduce the significance level to 1% Throw out observations that look suspicious
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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According to the Pew Research Center, 14% of adults rate basketball as their favorite sport. Your boss believes the proportion may be lower among adults over age 65, and wants you to collect evidence to see if this is true. You take a survey of adults over age 65, and only 12 out of 120 of them rate basketball as their favorite sport. You would like to set �=0.05. Your boss tells you that your firm will base some expensive decisions on the results of your hypothesis test, so a higher standard of evidence for rejecting the null hypothesis is needed. What should you do?
Group of answer choices
Keep the significance level the same but collect more data
Increase the significance level to 10%
Reduce the significance level to 1%
Throw out observations that look suspicious
thanks
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