For the statement below, write the claim as a mathematical statement. State the

Question

For the statement below, write the claim as a mathematical statement. State the null and alternative hypotheses and identify which represents the claim According to a recent survey, 24% of college students own a credit card Write the claim as a mathematical statement OA. p 0.24 OD. p#0.24 Choose the correct null and alternative hypotheses below B. ps0.24 E. p>0.24 ° C. p=0.24 OF. p0.24 Ha: p 0.24 Ha: ps0.24 Ho: p#0.24 Ha: p = 0.24 OD. F. ldentifv which is the claim 0 O 0 O The null hypothesis H0: p:0.24 is the claim The alternative hypothesis Ha: p

Explanation / Answer

Claim as a mathematical statement is "p = 0.24". Option (C) is correct

Correct null and alterante hypothesis are as per option (D)

The claim is - The null hypothesis H0: p = 0.24 is the claim. Option (1)

Type I error: Option (D)
Reject the claim that the proportion of settled malpractice suits is 0.28 when the proportion is actually different from 0.28

Type II error: option (B)
Fail to reject the claim that the proportion of settled malpractice suits is 0.28 when the proportion is actually different from 0.28

a)
As p-value is greater than significance level of 0.03, we fail to reject the null hypothesis
Hence option (D) is correct.

b)
As p-value is less than the significance level of 0.06, we reject the null hypothesis.
Hence Option (A) is correct

P-value = 0.1446
As p-value is greater than the significance level of 0.05, we fail to reject the null hypothesis.
Hence Option (3) is correct.

P-value = 0.1031
As p-value is greater than significance level of 0.06, fail to reject the null hypothesis.

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