Consider the following hypotheses: Ho: P = 0.40 HAP0.40 A sample of size 200 was collected out of which there were 56 successes. Suppose we conduct a test at the 5% significance level. a. Determine the critical values: + 315 b. Calculate the test statistic: 0.00001 c. Choose the correct decision and the correct reasoning: Fail to reject the null hypothesis since the test statistic falls outside the critical values. O Fail to reject the null hypothesis since the test statistic falls within the critical values. Reject the null hypothesis since the test statistic falls outside the critical values. O Reject the null hypothesis since the test statistic falls within the critical values.

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Consider the following hypotheses:
Ho: P
HAP
= 0.40
0.40
A sample of size 200 was collected out of which there were 56
successes. Suppose we conduct a test at the 5% significance level.
a. Determine the critical values: ±
315
b. Calculate the test statistic: 0.00001
c. Choose the correct decision and the correct reasoning:
Fail to reject the null hypothesis since the test statistic falls
outside the critical values.
O Fail to reject the null hypothesis since the test statistic falls
within the critical values.
O Reject the null hypothesis since the test statistic falls outside
the critical values.
O Reject the null hypothesis since the test statistic falls within the
critical values.
Transcribed Image Text:Consider the following hypotheses: Ho: P HAP = 0.40 0.40 A sample of size 200 was collected out of which there were 56 successes. Suppose we conduct a test at the 5% significance level. a. Determine the critical values: ± 315 b. Calculate the test statistic: 0.00001 c. Choose the correct decision and the correct reasoning: Fail to reject the null hypothesis since the test statistic falls outside the critical values. O Fail to reject the null hypothesis since the test statistic falls within the critical values. O Reject the null hypothesis since the test statistic falls outside the critical values. O Reject the null hypothesis since the test statistic falls within the critical values.
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