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T Course: ECON1203-BusinesTake a Test-Jannu Wen Week 8,2018s2 pd |https:/ .. ECO

ID: 3072382 • Letter: T

Question

T Course: ECON1203-BusinesTake a Test-Jannu Wen Week 8,2018s2 pd |https:/ .. ECON1203-Business & Economic Statistics-$2/2018 Junru Wen | 9/21/18 2:00 PM Quiz: Week 9 Fortnightly Quiz Time Remaining: 00:5947 Submit Quiz This Question: 1 pt 1 of 10(0 complete) This Quiz: 10 pts possible Acompany deveoping scanners to search for hidden weapons at airports has concluded that a new device is srificarty better than the oument scanner The company made this decision based onP value of 022 Expar, the meaning of the Puvalue in this context What does the P-value 0.022 mean in this context? Choose the corect answe below, O A. The Pvalue 0.022 is the probability that the new scanner is no more effective than the current scanner. . "the new scanner has the same enec ver essasthe current scanner, tere is by natural sampling variation alone. The P-value 0022 is the probability that the new scanner is more effective than the current scanner lfthe few scanner has he same effectiveness size by natural sampling variasion alone lfthe few scanner is more natural sampling variation alone 22% chance of observing a rateofsuccess this large or larger in finding hidden weapons using the new scanner in sample ofthe same size OC D. th* arrers scanner, there is a 97.8% chance of erving arate of success this large or larger in finding hidden weapons using the new scanner in a sample of the same E. ctive than the orrent scanner, there is a 2.2% chance ofobserving a rate of sucoess this large or larger in finding hidden weapons using tho new scanner in sample of the samo size by Click to select your answer

Explanation / Answer

Correct Answer:

If the new scanner has the same effectiveness as the current scanner, there is a 2.2% chance of observing a rate of success this large or larger in finding hidden weapons using the new scanner in a sample of the same size by natural sampling variation alone.

Option-B is the correct answer.