Suppose a bank manager is concerned that the percent of loans processed that contain errors has increased above the acceptable amount of 1%.A significance test is conducted to test his concern, and a p-value of 0.037 is reported at a significance level = 0.05.Read the following statements about a p-value and choose the correct answer for each missing field.The probability of getting this result, or a_(1)_ extreme result, given Ho is true, is _(2)_.This is a very _(3)_ probability, so it_(4)_ very likely.Specifically, it is (5)_ than significance level = 0.05.Therefore, there _(6)_ sufficient evidence to reject Ho-Less, 0.05, large, is not, less, isMore, 0.037, small, is not, less, isMore, 0.05, large, is not, less, isLess, .05, large, is, more, is not

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Answered: The probability of getting this result,…

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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