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Find the P -Value for the Indicated Hypothesis Test

question 48

Multiple Choice

Find the P -value for the indicated hypothesis test. An article in a journal reports that 34% of American fathers take no responsibility for child care. A researcher claims that the figure is higher for fathers in the town of Littleton. A random sample of 225 fathers from Littleton, yielded 97 who did not help with child care. Find the P -value for a test of the researcher's claim.

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Definitions:

Managerial Decision

The process of making choices by setting goals, gathering information, and assessing alternative occupations.

NPV

Net Present Value is a financial metric used to evaluate the profitability of an investment, calculating the difference between the present value of cash inflows and outflows over a period of time.

Independent Projects

Projects that can be accepted or rejected individually.

IRR

A capital budgeting tool, the Internal Rate of Return calculates the anticipated profit percentage of prospective investment projects.

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