Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a A bank wants to know if the enrollment on their website is above 30% based on a small sample of customers. They test Ho

image text in transcribed

a A bank wants to know if the enrollment on their website is above 30% based on a small sample of customers. They test Ho p:03 vs. HA p >03 and reject the null hypothesis. Later they find out that actually 28% of all customers enrolled. Choose the correct answer below. O A. The bank made a Type I error. The actual value is close to 0.3 but they rejected the null hypothesis O B. The bank did not make an error. The actual value is not equal to 0.3 and they rejected the null hypothesis O C. The bank made a Type ll error. The actual value is close to 0.3 but they rejected the null hypothesis O D. The bank made a Type I error. The actual value is not greater than 0.3 but they rejected the null hypothesis. O E. The bank made a Type ll error. The actual value is not greater than 0.3 but they rejected the null hypothesis

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Crosson

9th Edition

B00650WABQ

More Books

Students also viewed these Accounting questions

Question

You need to write a Performa about Final Exam Grading

Answered: 1 week ago