A study is conducted to test the claim at a 0.01 significancelevel, that less th
ID: 2914739 • Letter: A
Question
A study is conducted to test the claim at a 0.01 significancelevel, that less than 75% of college students spend less than $250per semester on textbooks. A survey of 600 students foundthat 74% spent less than $250 per semester on texts. Test the claimusing P-Value method. a) Determine P-Value b) pick one: - study does not provide efficient evidence to support theclaim that less than 75% of students spend less than $250 persemester on textbooks. or -study does provide efficient evidence to support the claimthat less than 75% of students spend less than $250 per semester ontextbooks. thanks 11 points for this one. A study is conducted to test the claim at a 0.01 significancelevel, that less than 75% of college students spend less than $250per semester on textbooks. A survey of 600 students foundthat 74% spent less than $250 per semester on texts. Test the claimusing P-Value method. a) Determine P-Value b) pick one: - study does not provide efficient evidence to support theclaim that less than 75% of students spend less than $250 persemester on textbooks. or -study does provide efficient evidence to support the claimthat less than 75% of students spend less than $250 per semester ontextbooks. thanks 11 points for this one.Explanation / Answer
That is the due the round off errors . I had T = -0.566 Now, suppose I round it off to T =-0.57 Then the p-value is = 0.2843
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