Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 [1 points] Which one of the following statements is CORRECT? a. An extremely small pvalue indicates that the data provide strong evidence to

image text in transcribed
image text in transcribed
Question 4 [1 points] Which one of the following statements is CORRECT? a. An extremely small pvalue indicates that the data provide strong evidence to reject the null hypothesis b. The pvalue measures the probability that the alternative hypothesis is false c. The larger the pvalue, the stronger the evidence against the null hypothesis d. A large pvalue indicates that the data is consistent with the alternative hypothesis e. An extremely small pvalue indicates that the data provide weak evidence to reject the null hypothesis Question 5 [1 points] Health economists are interested in understanding the cost for heart valve replacement at hospitals in Washington, DC. They want to test the hypothesis that the mean cost for heart valve replacement is greater than $150, 000. There is a debate on what significance level to use to conduct the hypothesis test, either 6% or 2%. Data fare collected from a sample of 100 patients who had heart valve replacement surgery in Washington, DC in the last year. There is failure to reject the null hypothesis at the 6% significance level, concluding that there is insufficient evidence in the data to claim that the mean cost for heart valve replacement is greater than $150, 000. Using the same data and statistical test, what will the conclusion be at the 2% level of significance? a. Fail to reject H0 b. Reject H0 c. Fail to reject H1 given H0 true d. Fail to reject H1 given H1 true e. There is not enough information given to determine the result 30fQuestion 6 [1 points]

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

Cohomological Aspects In Complex Non-Kähler Geometry

Authors: Daniele Angella

1st Edition

3319024418, 9783319024417

More Books

Students also viewed these Mathematics questions