A Two-Proportions Z-Test Is to Be Performed Using the P-Value

question 42

Multiple Choice

A two-proportions z-test is to be performed using the P-value approach. Use the given sample data to find the P-valuefor the hypothesis test.
- $$\mathrm { x } _ { 1 } = 11 , \mathrm { n } _ { 1 } = 200 , \mathrm { x } _ { 2 } = 8 , \mathrm { n } _ { 2 } = 100 ; \mathrm { H } _ { 0 } : \mathrm { p } _ { 1 } = \mathrm { p } _ { 2 } , \mathrm { H } _ { \mathrm { a } } : \mathrm { p } _ { 1 } \neq \mathrm { p } _ { 2 } , \alpha = 0.01$$

• A)\(0.3844\)
• B) \(0.2005\)
• C) \(0.4010\)
• D) \(0.1011\)

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Definitions:

Budgeted Sales

Budgeted sales are the projected amounts of revenue a company anticipates earning from the sale of goods or services during a specific period, forming a key part of financial planning.

Customer Amounts

Sums of money owed by customers to a business, typically arising from the purchase of goods or services on credit.

Merchandise Purchases

The total cost incurred by a merchandising company to buy goods for resale during a period.

Beginning Inventory

The inventory on hand at the start of an accounting period, before any purchases or production have been added.