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:

Initial Cash Flow

The first inflow or outflow of cash for a project or investment, marking the start of its financial analysis.

Investment Acceptance

It involves the decision-making process regarding whether to pursue or decline a particular investment opportunity based on criteria like expected returns, risk assessment, and alignment with investment strategy.

Payback Period

The length of time needed for an investment to recover its initial outlay in terms of profits or savings.

Pre-Specified Period

A defined time frame agreed upon or set before the commencement of an event or contract.