Suppose the CEO of a company states that 90% of it's customers are very satisfied with it's services. A random sample survey of customers is conducted to see if the satisfaction rate is less than the CEO states and a P-value of 0.023 was obtained for the sample proportion of 80%. Interpret the meaning of this P-value in this context. Notes for this problem: o lam asking you to tell me what the P-value of 0.023 tells us about the particular values (90%, 80%) and for the company's customers. • lam not looking for the definition of a P-value. o l am not asking for whether you reject H, or fail to reject H.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question

Answer A B C and please follow the instructions

Suppose the CEO of a company states that 90% of it's customers are very satisfied with
it's services. A random sample survey of customers is conducted to see if the
satisfaction rate is less than the CEO states and a P-value of 0.023 was obtained for the
sample proportion of 80%. Interpret the meaning of this P-value in this context.
Notes for this problem:
o lam asking you to tell me what the P-value of 0.023 tells us about the particular
values (90%, 80%) and for the company's customers.
• lam not looking for the definition of a P-value.
o l am not asking for whether you reject H, or fail to reject H.
Transcribed Image Text:Suppose the CEO of a company states that 90% of it's customers are very satisfied with it's services. A random sample survey of customers is conducted to see if the satisfaction rate is less than the CEO states and a P-value of 0.023 was obtained for the sample proportion of 80%. Interpret the meaning of this P-value in this context. Notes for this problem: o lam asking you to tell me what the P-value of 0.023 tells us about the particular values (90%, 80%) and for the company's customers. • lam not looking for the definition of a P-value. o l am not asking for whether you reject H, or fail to reject H.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Propositional Calculus
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman