A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Scenario: Erna Economist claims that a majority of Americans feel that corporations make too much
profit. According to a 2019 Pew Research poll, 56% of a random sample of 1,500 adults said that
business corporations make too much profit. Run a hypothesis test to assess Erna Economist's claim.
Question: Given the p-value you calculated, which of the following is a correct conclusion for this
test? (select all that apply)
Because p < a, we can reject the null hypothesis.
Because p > a , we fail to reject the null hypothesis.
There is support for the alternative hypothesis.
There is no support for the alternative hypothesis.
There is support for Erna Economist's claim.
There is no support for Erna Economist's claim.
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Transcribed Image Text:Scenario: Erna Economist claims that a majority of Americans feel that corporations make too much profit. According to a 2019 Pew Research poll, 56% of a random sample of 1,500 adults said that business corporations make too much profit. Run a hypothesis test to assess Erna Economist's claim. Question: Given the p-value you calculated, which of the following is a correct conclusion for this test? (select all that apply) Because p < a, we can reject the null hypothesis. Because p > a , we fail to reject the null hypothesis. There is support for the alternative hypothesis. There is no support for the alternative hypothesis. There is support for Erna Economist's claim. There is no support for Erna Economist's claim.
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