In a study of 816 randomly selected medical malpractice lawsuits, it was found that 500 of them were dropped or dismissed. Use a 0.01 significance level to test the claim that most medical malpractice lawsuits are dropped or dismissed. Which of the following is the hypothesis test to be conducted? OA. H₂: p=0.5 H₁: p<0.5 OC. Ho: p<0.5 H₁: p=0.5 OE Ho:p>0.5 H₁: p=0.5 What is the test statistic? (Round to two decimal places as needed.) What is the P-value? P-value= (Round to three decimal places as needed.) OB H₂: p=0.5 H₂:p>0.5 OD. Hyp#0.5 H₁: p=0.5 OF. H₂:p=0.5 H₂:p#05 What is the conclusion about the null hypothesis? OA. Reject the null hypothesis because the P-value is greater than the significance level, a OB. Fail to reject the null hypothesis because the P-value is greater than the significance level, a OC. Reject the null hypothesis because the P-value is less than or equal to the significance level, a OD. Fail to reject the null hypothesis because the P-value is less than or equal to the significance level, a What is the final conclusion?

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In a study of 816 randomly selected medical malpractice lawsuits, it was found that 500 of them were dropped or dismissed. Use a 0.01 significance level to test the cam that most medical
malpractice lawsuits are dropped or dismissed.
Which of the following is the hypothesis test to be conducted?
OA. Ho: p=0.5
H₁: p<0.5
OC. Ho-p<0.5
H₁: p=0.5
OE Ho:p>0.5
H₁: p=0.5
What is the test statistic?
Z=
(Round to two decimal places as needed.)
What is the P-value?
P-value=
(Round to three decimal places as needed.)
OB H₂p=0.5
Hyp>0.5
What is the final conclusion?
OD. Hypp#05
H₂=p=0.5
OF H₂p=05
H₂=p=0.5
What is the conclusion about the null hypothesis?
OA Reject the null hypothesis because the P-value is greater than the significance level, a.
OB. Fail to reject the null hypothesis because the P-value is greater than the significance level, a
C. Reject the null hypothesis because the P-value is less than or equal to the significance level, a
O D. Fail to reject the null hypothesis because the P-value is less than or equal to the significance level, a
Transcribed Image Text:In a study of 816 randomly selected medical malpractice lawsuits, it was found that 500 of them were dropped or dismissed. Use a 0.01 significance level to test the cam that most medical malpractice lawsuits are dropped or dismissed. Which of the following is the hypothesis test to be conducted? OA. Ho: p=0.5 H₁: p<0.5 OC. Ho-p<0.5 H₁: p=0.5 OE Ho:p>0.5 H₁: p=0.5 What is the test statistic? Z= (Round to two decimal places as needed.) What is the P-value? P-value= (Round to three decimal places as needed.) OB H₂p=0.5 Hyp>0.5 What is the final conclusion? OD. Hypp#05 H₂=p=0.5 OF H₂p=05 H₂=p=0.5 What is the conclusion about the null hypothesis? OA Reject the null hypothesis because the P-value is greater than the significance level, a. OB. Fail to reject the null hypothesis because the P-value is greater than the significance level, a C. Reject the null hypothesis because the P-value is less than or equal to the significance level, a O D. Fail to reject the null hypothesis because the P-value is less than or equal to the significance level, a
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