Find the P-Value for the Indicated Hypothesis Test

question 24

Multiple Choice

Find the P-value for the indicated hypothesis test. Round all proportions and standard scores to two decimal places.
-In a sample of 88 children selected randomly from one town, it is found that 8 of them suffer from asthma. Find the P-value for a test of the claim that the proportion of all children in the town who suffer from asthma is equal
To 11%.

• A)0.2743
• B)0.2473
• C)0.5468
• D)0.5486

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Definitions:

Production Costs

Expenses incurred in the process of creating a product or service, including materials, labor, and overhead.

Industry Size

The scale or magnitude of economic activity within a specific sector, measured by criteria such as number of firms, total employment, or total revenue.

Industry Supply Curve

A graphical representation showing the total quantity of a good that all producers in an industry are willing to supply at different prices.

Decline in Technology

A decline in technology refers to a period or situation where technological progression slows down, technologies become obsolete, or there is a decrease in the adoption of new technologies.