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Statistics For Business_FIN-2AB_20242

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Exercise No. 1

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(d)  Following previous question, choose the most suitable conclusion from choices below:

  1. We cannot conclude that more than 75% of the residents eat meat.

  2. Conclude that more than 75% of the residents eat meat.

Answer:

the most suitable conclusion is statement number
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(c)  Following previous question, choose the most suitable decision from choices below:

  1. Null hypothesis is rejected and alternate hypothesis is accepted
  2. Null hypothesis is not rejected because there is not enough proof to reject it
  3. Both null hypothesis and alternate hypothesis are accepted
  4. Both null hypothesis and alternate hypothesis are rejected

Answer:

the most suitable decision is statement number
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(b) What is the critical value? (answer in 3 decimal places)

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No. 2

a = 1000

b = 773

c =0.1

(a) What is the test statistics value? (round answer to 4 decimal places)

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