A major credit card company is interested in the proportion of individuals who use a competitor’s credit card. Their null hypothesis is H0: p=0.65H0: p=0.65, and based on a sample they find a sample proportion of 0.70 and a pp-value of 0.053. Is there convincing statistical evidence at the 0.05 level of significance that the true proportion of individuals who use the competitor’s card is actually greater than 0.65 ? Yes, because the sample proportion 0.70 is greater than the hypothesized proportion 0.65. A Yes, because the pp-value 0.053 is greater than the significance level 0.05. B No, because the sample proportion 0.70 is greater than the hypothesized proportion 0.65. C No, since the sample proportion 0.70 is exactly 0.05 away from the hypothesized proportion 0.65. D No, because the pp-value 0.053 is greater than the significance level 0.05.
A major credit card company is interested in the proportion of individuals who use a competitor’s credit card. Their null hypothesis is H0: p=0.65H0: p=0.65, and based on a sample they find a sample proportion of 0.70 and a pp-value of 0.053. Is there convincing statistical evidence at the 0.05 level of significance that the true proportion of individuals who use the competitor’s card is actually greater than 0.65 ?
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Yes, because the sample proportion 0.70 is greater than the hypothesized proportion 0.65.
A -
Yes, because the pp-value 0.053 is greater than the significance level 0.05.
B -
No, because the sample proportion 0.70 is greater than the hypothesized proportion 0.65.
C -
No, since the sample proportion 0.70 is exactly 0.05 away from the hypothesized proportion 0.65.
D -
No, because the pp-value 0.053 is greater than the significance level 0.05.
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