Consider the hypotheses shown below. Given that x= 119, o = 25, n= 40, a = 0.10, complete parts a and b. Ho: H=128 H: u#128 a. What conclusion should be drawn? b. Determine the p-value for this test.
Consider the hypotheses shown below. Given that x= 119, o = 25, n= 40, a = 0.10, complete parts a and b. Ho: H=128 H: u#128 a. What conclusion should be drawn? b. Determine the p-value for this test.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Consider the hypotheses shown below. Given that x= 119, o = 25, n=40, a = 0.10, complete parts a and b.
Ho=128
H#128
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a. What conclusion should be drawn?
b. Determine the p-value for this test.
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a. The z-test statistic is .
(Round to two decimal places as needed.)
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Transcribed Image Text:Consider the hypotheses shown below. Given that x= 117, o= 27, n= 41, a=0.05, complete parts a and b.
Ho: H = 127
H p#127
ti
a. What conclusion should be drawn?
b. Determine the p-value for this test.
ati
a. The z-test statistic is-2.37.
(Round to two decimal places as needed.)
The critical z-score(s) is(are) 1.96, - 1.96
(Round to two decimal places as needed. Use a comma to separate answers as needed.)
Because the test statistic does not fall within the critical values,
reject
the null hypothesis.
b. The p-value is 0.018.
(Round to three decimal places as needed.)
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