Q 1. (07.01) Suppose you carry out a significance test of Ho: H = 7 versus Ha: U # 7 based on sample size n = 28 and obtain t = 1.45. Find the p-value for this test. What conclusion can you draw at the 5% significance level? Explain. (2 points) O The p-value is 0.0793. We reject Ho at the 5% significance level because the p-value 0.0793 is greater than 0.05. The p-value is 0.0793. We fail to reject Ho at the 5% significance level because the p-value 0.0793 is greater than 0.05. The p-value is 0.4207. We fail to reject Ho at the 5% significance level because the p-value 0.4207 is greater than 0.05. The p-value is 0.1586. We fail to reject Ho at the 5% significance level because the p-value 0.1586 is greater than 0.05. O The p-value is 0.1586. We reject Ho at the 5% significance level because the p-value 0.1586 is greater than 0.05.2. (07.01) You are conducting a significance test of Ho: H = 5 against Ha: M > 5. After checking the conditions are met from a simple random sample of 30 observations, you obtain t = 2.35. Based on this result, describe the p-value. (2 points) O The p-value falls between 0.15 and 0.2. O The p-value falls between 0.025 and 0.05. The p-value falls between 0.01 and 0.02. The p-value falls between 0.005 and 0.01. O The p-value is less than 0.005. 3 3. (0701) According to a recent study, the average woman's leg hair grows an eighth of an inch per month. A new drug company believes that women who take its drug daily will change their leg hair growth. Before putting its product on the market, the company plans on running a test of the effectiveness of the drug. Which null and alternative hypotheses should the company use for this study? (2 points) O Ho: )1 = 0.125. H3: 2 =2 0.125 O Ho: x = 0.125. H3: )1 > 0.125 O Ho: [1 = 0.125, Ha: p = 0.125 O Ho: [1 = 0.125, Ha: p > 0.125 O Ho: [1 = 0125, Ha: p