The Business College Computing Center Wants to Determine the Proportion

question 3

Multiple Choice

The business college computing center wants to determine the proportion of business students who have laptop computers. If the proportion differs from 30%, then the lab will modify a
Proposed enlargement of its facilities. Suppose a hypothesis test is conducted and the test statistic
Is 2.5. Find the p-value for a two-tailed test of hypothesis.

• A).4876
• B).0062
• C).4938
• D).0124

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Definitions:

Autograph Fraud

Involves the forgery or misrepresentation of a celebrity or notable individual's signature with the intent to deceive or profit.

Holder in Due Course

A legal term describing a party who has acquired a negotiable instrument in good-faith and for value, and thus has certain rights above the original payee, especially in terms of enforcing payment.

Fair Value

An estimate of the market value of an asset, determined by mutual agreement between a willing buyer and seller, each possessing adequate information.

Good Faith

Acting with honesty and without the intention to defraud or to seek an unfair advantage.