Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A survey of nonprofit organizations showed that online fundraising increased in the past year. Based on a random sample of 55 nonprofit?organizations, the mean?one-time gift
A survey of nonprofit organizations showed that online fundraising increased in the past year. Based on a random sample of 55 nonprofit?organizations, the mean?one-time gift donation in the past year was ?$75?, with a standard deviation of ?$19.
a. If you test the null hypothesis at the 0.10 level of?significance, is there evidence that the mean?one-time gift donation is greater than ?$70??
b. Interpret the meaning of the?p-value in this problem.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started