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Consider the following hypotheses. Ho: P = 0.46 H1 : p # 0.46 Given that p = 0.42, n = 500, and a = 0.05,
Consider the following hypotheses. Ho: P = 0.46 H1 : p # 0.46 Given that p = 0.42, n = 500, and a = 0.05, answer the following questions. a. What conclusion should be drawn? b. Determine the p-value for this test. . . . a. Determine the critical value(s) of the test statistic. Za = (Use a comma to separate answers as needed. Round to two decimal places as needed.) Calculate the test statistic. Zp =(Round to two decimal places as needed.) Choose the correct answer below. O A. Reject Ho. There is insufficient evidence that p # 0.46. O B. Do not reject Ho. There is insufficient evidence that p # 0.46. O C. Reject Ho. There is sufficient evidence that p # 0.46. O D. Do not reject Ho. There is sufficient evidence that p # 0.46. b. p-value = (Round to three decimal places as needed.)
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