Sample and calculate a p-value

Assignment Help Basic Statistics
Reference no: EM132096773

A bank tests the null hypothesis that the mean age of the bank's mortgage holders is less than or equal to 45 years, versus an alternative that the mean age is greater than 45 years.

They take a sample and calculate a p-value of 0.0202. The null hypothesis would be rejected at a significance level of α= 0.05.

A) True.

B) False.

C) Possibly. Depending on z score.

D) There is not enough information.

Please answer with calculation and explanation

Reference no: EM132096773

Questions Cloud

Calculate eoq for laptop computers for greenhills computers : Calculate the EOQ for laptop computers for Greenhills Computers using the approach recommended above.
Discuss the stages of life cycle development : MOD005912 Lifecycle Development Assignment, Anglia Ruskin University, UK. Using the scenario, discuss the stages of life cycle development
What ethical issues arise in fieldwork : What four approaches can you take to select a subject for your musical ethnography? What ethical issues arise in fieldwork?
What is your definition of music : John Blacking defines music as "humanly organized sound." Is all music humanly organized? Is all humanly organized sound music?
Sample and calculate a p-value : They take a sample and calculate a p-value of 0.0202. The null hypothesis would be rejected at a significance level of a= 0.05.
Describe the business model of this company : Describe the business model of this company—what does this business do? Why does this business exist?
Explain to your employees how to construct routine message : How would you explain to your employees how to construct this routine message? Why is this style most effective for what you need?
Debate the use of the common core standards : Imagine you are writing a letter to the editor of your local newspaper about your local school district's math achievement test scores.
Assessing the quality and utility of epidemiologic data : Present the most important criteria for assessing the quality and utility of epidemiologic data? Explain why these criteria are so important.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd