Use the Given Information to Find the P-Value $\text { With } \mathrm { H } _ { 1 } : \mathrm { p } < 1 / 5 \text {, the test statistic is } \mathrm { z } = - 1.93 \text {. }$

question 72

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) .
- $\text { With } \mathrm { H } _ { 1 } : \mathrm { p } < 1 / 5 \text {, the test statistic is } \mathrm { z } = - 1.93 \text {. }$

• A) 0.9732; fail to reject the null hypothesis
• B) 0.0268; reject the null hypothesis
• C) 0.0268; fail to reject the null hypothesis
• D) 0.0536; fail to reject the null hypothesis

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Definitions:

Marginal Product

The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.

Yards Raked

Refers to the number of yards that have been cleared of leaves or debris, typically a measure of work done in landscaping or garden maintenance.

Marginal Product

The additional output a firm gains from employing one additional unit of a factor, such as labor or capital, holding other factors constant.

Labor Intensive

A term used to describe a process or industry that requires a large amount of manual labor relative to capital investment.