Find the P-Value for the Indicated Hypothesis Test

question 50

Multiple Choice

Find the P-value for the indicated hypothesis test.
-A medical school claims that more than 28% of its students plan to go into general practice. It is found that among a random sample of 130 of the school's students, 32% of them plan to go into general practice. Find the P-value for a test of the school's claim.

• A)0.1635
• B)0.3078
• C)0.1539
• D)0.3461

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Definitions:

Overapplied

A situation where the allocated amount of indirect costs exceeds the actual amount spent.

Underapplied

A situation where the actual manufacturing overhead costs are more than what was allocated to products.

Predetermined Overhead Rate

A calculated rate that estimates the manufacturing overhead cost per unit of production, based on expected or historical data.

Machine-Hours

A measure of the amount of time a machine is operated during a given period, commonly used in manufacturing to allocate costs or to measure productivity.