WILL GIVE BRAINLIEST TO THE BEST ANSWER!!!! The graph below shows the price, y, in dollars, of different amounts of granola, x,
in pounds Which equation best represents the relationship between x and y?
1 answer:
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Answer:
a) Number = 60 *0.35=21
b) Since is a left tailed test the p value would be:
c) If we compare the p value obtained and using the significance level given we have
so we can conclude that we have enough evidence to reject the null hypothesis, and we can said that at 5% the proportion of business owners providing holiday gifts had decreased from the 2008 level.
We can use as smallest significance level 0.044 and we got the same conclusion.
Step-by-step explanation:
Data given and notation
n=60 represent the random sample taken
X represent the business owners plan to provide a holiday gift to their employees
estimated proportion of business owners plan to provide a holiday gift to their employees
is the value that we want to test
represent the significance level
Confidence=95% or 0.95
z would represent the statistic (variable of interest)
represent the p value (variable of interest)
Part a
On this case w ejust need to multiply the value of th sample size by the proportion given like this:
Number = 60 *0.35=21
2) Part b
We need to conduct a hypothesis in order to test the claim that the proportion of business owners providing holiday gifts had decreased from the 2008 level:
Null hypothesis:
Alternative hypothesis:
When we conduct a proportion test we need to use the z statisitc, and the is given by:
(1)
The One-Sample Proportion Test is used to assess whether a population proportion is significantly different from a hypothesized value
.
Calculate the statistic
Since we have all the info requires we can replace in formula (1) like this:
Statistical decision
It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.
The significance level provided . The next step would be calculate the p value for this test.
Since is a left tailed test the p value would be:
Part c
If we compare the p value obtained and using the significance level given we have
so we can conclude that we have enough evidence to reject the null hypothesis, and we can said that at 5% the proportion of business owners providing holiday gifts had decreased from the 2008 level.
We can use as smallest significance level 0.044 and we got the same conclusion.