Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The probability that a rose bud blooms is p. In a random sample of 500 rose buds, 240 of them bloomed. With the data obtained

The probability that a rose bud blooms is p. In a random sample of 500 rose buds, 240 of them bloomed. With the data obtained in a random sample, a hypothesis test at the 1% level of significance is carried out to determine whether p is different from 0.45.

a) State the null and alternative hypothesis

b) Calculate the test Statistics

c) What is the p-value of the test?

d) Supporting your answer, state the conclusion of the test

image text in transcribedimage text in transcribedimage text in transcribed

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_2

Step: 3

blur-text-image_3

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

College Accounting Chapters 1-9

Authors: James Heintz

22nd Edition

1305888537, 978-1305666184

More Books

Students also viewed these Accounting questions