Suppose That the Following Is to Be Tested: H0: P

question 42

Multiple Choice

Suppose that the following is to be tested: H0: p = 0.35 and Ha: p > 0.35. Calculate the observed z- statistic for the following sample data: Forty out of eighty test subjects have the characteristic of interest. Round to the nearest hundredth.

• A)z = - 1.87
• B)z = 1.88
• C)z = - 0.94
• D)z = 2.81

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Definitions:

Compounded Monthly

A method where interest is calculated monthly and added to the principal sum, resulting in interest on interest.

Periodic Interest Rate

The interest rate charged or paid over a specific period of time, often expressed as a percentage.

Payment Interval

The scheduled period between payments made by a borrower or payer to a lender or payee.

Compounded Quarterly

A financial calculation where interest is added to the principal four times a year, resulting in an increased amount on which subsequent interest calculations are based.