Consider the follow ing competing hypotheses and sample data. H0:p = 0.50 n = 40 HA: p

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Consider the follow ing competing hypotheses and sample data.

H0:p = 0.50 n = 40 HA: p ≠ 0.50

a. Determine the value of the test statistic.

b. Calculate the p-value.

c. At the 5% significance level, what is the conclusion?

Explain.

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Business Statistics Communicating With Numbers

ISBN: 9780071317610

1st Edition

Authors: Kelly Jaggia

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Question Posted: Jul 27, 2024 08:02 AM

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Consider the follow ing competing hypotheses and sample data. H0:p = 0.50 n = 40 HA: p

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Business Statistics Communicating With Numbers

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