What is most accurate statement we can make about p value

Reference no: EM131405375

1. The p-value for a hypothesis test has been reported as 0.04. If the test result is interpreted using the α = 0.01 level of significance as a criterion, will H₀ be rejected? Explain.

2. A hypothesis test is carried out using α = 0.01 the level of significance, and H₀ cannot be rejected. What is the most accurate statement we can make about the p-value for this test?

Reference no: EM131405375

Questions Cloud

Formulate a null hypothesis and an alternative hypothesis : Formulate a null hypothesis and an alternative hypothesis for this situation. Will the test be one-tail or two-tail? Why? If the test is one-tail, will it be left-tail or right-tail? Why?

What is the central limit theorem : If the population standard deviation is known, but the sample size is less than 30, what assumption is necessary to use the z-statistic in carrying out a hypothesis test for the population mean?

Determining the functions of a bank : What key areas or functions of a bank or other financial firm are regulated today?

What is p value and how is it relevant to hypothesis testing : The p-value for a hypothesis test has been reported as 0.03. If the test result is interpreted using the α = 0.05 level of significance as a criterion, will H0 be rejected? Explain.

What is most accurate statement we can make about p value : A hypothesis test is carried out using α = 0.01 the level of significance, and H0 cannot be rejected. What is the most accurate statement we can make about the p-value for this test?

Analyze the impact of economic factors on the development : Analyze the impact of economic factors on the development of IT strategy decisions at the enterprise level of the organization.Review IT strategy methodology on page 88 of the Lane text. Explain how the IT strategy methodology can be developed to m..

What sample size would you recommend : The makers of Count Chocula breakfast cereal would like to determine, within 2 percentage points and with 99% confidence, the percentage of U.S. senior citizens who have Count Chocula for breakfast at least once a week. What sample size would you ..

Analyze three economic factors that could lead the cio down : Reflect upon the economic factors that would lead a CIO to consider outsourcing or offshoring critical IT segments (i.e., help desk support, software development, and quality assurance) as a viable option for an organization. Analyze three economi..

Cobb douglas production function : 1. Show using equations that the Cobb Douglas production function has...Constant returns to scale Positive but declining marginal products of capital and labor

User Account

All Pages