Use the Given Information to Find the P -Value $H _ { 1 } : p \neq 3 / 5$

question 20

Multiple Choice

Use the given information to find the P -value. Also, use a 0.05 significance level and state the conclusion about the null hypothesis (reject the null hypothesis or fail to reject the null hypothesis) . With $H _ { 1 } : p \neq 3 / 5$ the test statistic is $z$ =0.78 .

• A) 0.2177 ; reject the null hypothesis
• B) 0.4354 ; reject the null hypothesis
• C) 0.4354 ; fail to reject the null hypothesis
• D) 0.2177 fail to reject the null hypothesis

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Definitions:

Risk-Free Rate

The theoretical return on an investment with zero risk, representing the interest an investor would expect from an absolutely risk-free investment over a specific period.

Debt

Money that is owed or due to another individual or entity.

Market Value

The going rate for buying or selling a service or asset.

March Put

A put option contract with a expiration date in March, allowing the holder to sell an asset at a pre-specified price.