Identify the Null Hypothesis, Alternative Hypothesis, Test Statistic, P-Value, Conclusion

question 56

Essay

Identify the null hypothesis, alternative hypothesis, test statistic, P-value, conclusion about the null hypothesis, and final conclusion that addresses the original claim.
-In a sample of 167 children selected randomly from one town, it is found that 37 of them suffer from asthma. At the 0.05 significance level, test the claim that the proportion of all children in the town who suffer from asthma is 11%.

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Definitions:

Production Industry

The sector of the economy that is concerned with the manufacture, processing, and preparation of products from raw materials.

Horizontal Integration

A business strategy where a company acquires or merges with other companies at the same level in the production process or supply chain to increase market share and reduce competition.

Vertical Integration

A strategy where a company expands its operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.

Goods And Services

The tangible products and intangible activities that are offered for sale or trade in the market to satisfy consumer needs and wants.