The distribution of professional baseball player salaries has a mean of $3.2 million. An analyst believes thatthe mean salary for teams on the East Coast is different. The analyst randomly selects 50 baseball playersfrom teams on the East Coast and records their annual salaries. The mean salary for the players in thesample is $3.9 million with a standard deviation of $2.1 million. A significance test at an alpha level a = 0.05 ofproduces a P-value of 0.02. What is the corect interpretation of the P-value?O Assuming the true mean salary is $3.2 million, there is a 2% probability that the null hypothesis is true bychance alone.O Assuming the true mean salary is $3.2 million, there is a 2% probability of getting a sample mean of $3.9million by chance alone.O Assuming the true mean salary is $3.2 million, there is a 2% probability of getting a sample mean at leastas extreme as $3.9 million by chance alone.O Assuming the true mean salary is $3.2 million, there is a 98% probability that a sample mean of $3.9 millionor one more extreme will occur by chance alone.

It is given that P-value = 0.02 Claim : The mean salary for teams on the East Coast is different…

Answered: The distribution of professional…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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