Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card
6th Edition
ISBN: 9781337589383
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Publisher: Cengage Learning
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Chapter 9.5, Problem 36E

a.

To determine

Find the p-value and state the conclusion.

a.

Expert Solution
Check Mark

Answer to Problem 36E

The p-value is 0.003.

The conclusion is “reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is that n=300 and p¯=0.68.

The hypotheses are given below:

Null hypothesis: H0:p0.75

Alternative hypothesis: Ha:p<0.75

Test statistic:

The formula for finding test statistic is as follows:

z=p¯p0p0(1p0)n

Here, p¯ represents the sample proportion, p0 represents the hypothesized value of the population proportion, and n represents the sample size.

Substitute p¯=0.68, p0=0.75, and n=300 in z formula.

z=0.680.750.75(10.75)300=0.070.1875300=0.070.025=2.80

Thus, the value of the test statistic is −2.80.

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value –2.8 in the first column.
  • Locate the value 0.00 in the first row.
  • The intersecting value that corresponds to–2.80 is 0.0026.

Thus, the p-value is 0.0026.

Rejection rule:

If p-valueα, reject the null hypothesis.

If p-value>α, do not reject the null hypothesis.

Conclusion:

Here, the p-value is less than the level of significance.

That is, p-value(=0.0026)<α(=0.05).

By the rejection rule, the null hypothesis is rejected.

b.

To determine

Find the p-value and state the conclusion.

b.

Expert Solution
Check Mark

Answer to Problem 36E

The p-value is 0.1151.

The conclusion is “do not reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is that n=300 and p¯=0.72.

Test statistic:

Substitute p¯=0.72, p0=0.75, and n=300 in the z formula.

z=0.720.750.75(10.75)300=0.030.1875300=0.030.025=1.20

Thus, the value of the test statistic is −1.20.

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value –1.2 in the first column.
  • Locate the value 0.00 in the first row.
  • The intersecting value that corresponds to the –1.20 is 0.1151.

Thus, the p-value is 0.1151.

Conclusion:

Here, the p-value is greater than the level of significance.

That is, p-value(=0.1151)>α(=0.05).

By the rejection rule, the null hypothesis is not rejected.

c.

To determine

Find the p-value and state the conclusion.

c.

Expert Solution
Check Mark

Answer to Problem 36E

The p-value is 0.0228.

The conclusion is “reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is that n=300 and p¯=0.70.

Test statistic:

Substitute p¯=0.70, p0=0.75, and n=300 in the z formula.

z=0.700.750.75(10.75)300=0.050.1875300=0.050.025=2.00

Thus, the value of the test statistic is −2.00.

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value –2.0 in the first column.
  • Locate the value 0.00 in the first row.
  • The intersecting value that corresponds to the –2.00 is 0.0228.

Thus, the p-value is 0.0228.

From the output, the test statistic is −2.00 and the p-value is 0.0228.

Conclusion:

Here, the p-value is less than the level of significance.

That is, p-value(=0.0228)<α(=0.05).

By the rejection rule, the null hypothesis is rejected.

d.

To determine

Find the p-value and state the conclusion.

d.

Expert Solution
Check Mark

Answer to Problem 36E

The p-value is 0.7881.

The conclusion is “do not reject the null hypothesis”.

Explanation of Solution

Calculation:

The given information is that n=300 and p¯=0.77.

Test statistic:

Substitute p¯=0.77, p0=0.75, and n=300 in the z formula.

z=0.770.750.75(10.75)300=0.020.1875300=0.020.025=0.80

Thus, the value of the test statistic is 0.80.

Use Table 1: Cumulative probabilities for the standard normal distribution to find probability.

  • Locate the value 0.8 in the first column.
  • Locate the value 0.00 in the first row.
  • The intersecting value that corresponds to the 0.80 is 0.7881.

Thus, the p-value is 0.7881.

Conclusion:

Here, the p-value is greater than the level of significance.

That is, p-value(=0.7881)>α(=0.05).

By the rejection rule, the null hypothesis is not rejected.

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Chapter 9 Solutions

Bundle: Modern Business Statistics with Microsoft Office Excel, Loose-Leaf Version, 6th + MindTap Business Statistics, 2 terms (12 months) Printed Access Card

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