Law degree. To help market its Law degree program, a law school would like to advertise that more than 50% of policymakers have a Law degree. They take a sample of 57 policymakers, examine their profile and record whether they have They conduct a hypothesis test to show that more than 50% of policymakers have a Law degree. (a) Which significance level would make it easier to conclude more than 50% of policymakers have a Law degree? It would be easier with since they could only make this conclusion if they got a p-value the significance level, a. (b) What is the meaning of a Type I error in this context? The law school concludes of policymakers have a Law degree when in reality, policymakers have a Law degree. of (c) Suppose the law school undertook a follow-up study based on a random sample of 146 policymakers. Assuming they got the same sample proportion as before, how would the larger sample size affect the p-value and strength of evidence for their claim? The p-value would degree. Submit Answer providing evidence that more than 50% of policymakers have a Law
Law degree. To help market its Law degree program, a law school would like to advertise that more than 50% of policymakers have a Law degree. They take a sample of 57 policymakers, examine their profile and record whether they have They conduct a hypothesis test to show that more than 50% of policymakers have a Law degree. (a) Which significance level would make it easier to conclude more than 50% of policymakers have a Law degree? It would be easier with since they could only make this conclusion if they got a p-value the significance level, a. (b) What is the meaning of a Type I error in this context? The law school concludes of policymakers have a Law degree when in reality, policymakers have a Law degree. of (c) Suppose the law school undertook a follow-up study based on a random sample of 146 policymakers. Assuming they got the same sample proportion as before, how would the larger sample size affect the p-value and strength of evidence for their claim? The p-value would degree. Submit Answer providing evidence that more than 50% of policymakers have a Law
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Transcribed Image Text:Law degree.
To help market its Law degree program, a law school would like to advertise that more than 50% of policymakers have a
Law degree. They take a sample of 57 policymakers, examine their profile and record whether they have
They conduct a hypothesis test to show that more than 50% of policymakers have a Law degree.
(a) Which significance level would make it easier to conclude more than 50% of policymakers have a Law degree?
It would be easier with
since they could only make this conclusion if they got a p-value
the
significance level, a.
(b) What is the meaning of a Type I error in this context?
The law school concludes
of policymakers have a Law degree when in reality,
policymakers have a Law degree.
of
(c) Suppose the law school undertook a follow-up study based on a random sample of 146 policymakers. Assuming they got
the same sample proportion as before, how would the larger sample size affect the p-value and strength of evidence for
their claim?
The p-value would
degree.
Submit Answer
providing
evidence that more than 50% of policymakers have a Law
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