Answered step by step
Verified Expert Solution
Question
1 Approved Answer
One of the most impressive, innovative advances in online fundraising over the past decade is the rise of crowd-funding websites. While features differ from
One of the most impressive, innovative advances in online fundraising over the past decade is the rise of crowd-funding websites. While features differ from site to site, crowd-funding sites are websites that allow you to set up an online fundraising campaign based around a fundraising page, and accept money directly from that page using the website's own credit card processor. A certain crowd-funding website reported that 125 of 346 technology crowd-funding projects were successfully launched in the past year and 344 of 865 film and video crowd-funding projects were successfully launched in the past year. Complete parts (a) through (c) below. H E. Ho =12 H Determine the value of the test statistic. H OF. Ho: 12 ZSTAT = -1.18 (Type an integer or a decimal. Round to two decimal places as needed.) Determine the critical value(s) for this test of hypothesis. The critical value(s) is (are) - 1.96,1.96 (Round to two decimal places as needed. Use a comma to separate answers as needed.) State the conclusion. Do not reject the null hypothesis. There is insufficient evidence to support the claim that there is a significant difference in the proportion of successful technology crowd-funding projects and successful film and video crowd-funding projects. b. Determine the p-value in (a) and interpret its meaning. The probability of obtaining a difference in proportions that gives rise to a test statistic the is equal to the p-value of if there is no difference between the population proportions of successful technology crowd-funding projects and successful film and video crowd-funding projects. (Type an integer or a decimal. Round to three decimal places as needed.) Determine the critical value(s) for this test of hypothesis. contained in the interval between more extreme or equal to greater than or equal to less than or equal to the a comma to separate answers as needed.) insufficient evidence to support the claim that there successful technology crowd-funding projects and cts. ts meaning. oportions that gives rise to a test statistic is equal to the p-value of if there is no difference between the population proportions of successful technology crowd-funding projects and successful film and video crowd-funding projects. (Type an integer or a decimal. Round to three decimal places as needed.) One of the most impressive, innovative advances in online fundraising over the past decade is the rise of crowd-funding websites. While features differ from site to site, crowd-funding sites are websites that allow you to set up an online fundraising campaign based around a fundraising page, and accept money directly from that page using the website's own credit card processor. A certain crowd-funding website reported that 125 of 346 technology crowd-funding projects were successfully launched in the past year and 344 of 865 film and video crowd-funding projects were successfully launched in the past year. Complete parts (a) through (c) below. H OE. Ho: 2 H OF. Ho: 12 Determine the value of the test statistic. ZSTAT = -1.18 (Type an integer or a decimal. Round to two decimal places as needed.) Determine the critical value(s) for this test of hypothesis. The critical value(s) is (are) - 1.96,1.96. (Round to two decimal places as needed. Use a comma to separate answers as needed.) State the conclusion. Do not reject the null hypothesis. There is insufficient evidence to support the claim that there is a significant difference in the proportion of successful technology crowd-funding projects and successful film and video crowd-funding projects. b. Determine the p-value in (a) and interpret its meaning. The probability of obtaining a difference in proportions that gives rise to a test statistic the if there is no difference between the technology crowd-funding projects and s (Type an integer or a decimal. Round to is equal to the p-value of projects. test statistic and its negative More test statistic xample Get more help negative test statistic Check answe
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