Use the Given Information to Find the P -Value $H _ { 1 } : p > 0.554$

question 11

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 $H _ { 1 } : p > 0.554$ the test statistic is z=1.34 .

• A) 0.9099 ; fail to reject the null hypothesis
• B) 0.0901 ; reject the null hypothesis
• C) 0.0901 ; fail to reject the null hypothesis
• D) 0.1802 ; reject the null hypothesis

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Definitions:

Salvage Value

The calculated remaining value of an asset at the conclusion of its effective life.

Technician Costs

Technician costs refer to expenses related to employing or contracting technicians, including wages, benefits, and any training-related costs for technical staff.

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Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Net Income

The total profit of a company after all expenses, including taxes and operational costs, are deducted from revenue.