Suppose you have a sample of 10,000 potential customers and 1992 would buy the product. Calculate the test stat for testing the claim the proportion is less than 20% also use wolframalpha.com to calculate the Pvalue using the test stat enter probability Z distribution < test stat so if the test stat is -1.3 enter probability Z distribution< -1.3 into wolframalpha.com a. The pvalue is 0.42 b. The z test stat for one sample proportion is -0.100 c. The pvalue is 0.52 d. The z test stat for one sample proportion is -0.200
Suppose you have a sample of 10,000 potential customers and 1992 would buy the product. Calculate the test stat for testing the claim the proportion is less than 20% also use wolframalpha.com to calculate the Pvalue using the test stat enter probability Z distribution < test stat so if the test stat is -1.3 enter probability Z distribution< -1.3 into wolframalpha.com a. The pvalue is 0.42 b. The z test stat for one sample proportion is -0.100 c. The pvalue is 0.52 d. The z test stat for one sample proportion is -0.200
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Suppose you have a sample of 10,000 potential customers and 1992 would buy the product.
Calculate the test stat for testing the claim the proportion is less than 20%
also use wolframalpha.com to calculate the Pvalue using the test stat
enter
probability Z distribution < test stat
so if the test stat is -1.3
enter
probability Z distribution< -1.3
into wolframalpha.com
a.
The pvalue is 0.42
b.
The z test stat for one sample proportion is -0.100
c.
The pvalue is 0.52
d.
The z test stat for one sample proportion is -0.200
Expert Solution
Step 1
Given that:
Sample size, n=10000
Number of customers buying the product, x=1992
Step by step
Solved in 3 steps with 1 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman