Use the Given Information to Find The $P$ -Value Also, Use A to Find

question 37

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) . With $H _ { 1 } : p \neq 3 / 5$ , the test statistic is $z = 0.78$ .

• A) \(0.2177\); reject the null hypothesis
• B) \(0.4354\); reject the null hypothesis
• C) \(0.4354\); fail to reject the null hypothesis
• D) \(0.2177\) fail to reject the null hypothesis

---

Definitions:

Discount Rate

The interest rate used to discount future cash flows of a financial instrument back to their present value, thus helping to determine the potential value of an investment.

Straight-Line Depreciation

A method of allocating an asset's cost evenly throughout its useful life.

MACRS

Modified Accelerated Cost Recovery System; a method of depreciation applied in the United States that allows businesses to recover investments in certain property over a specified life.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision, representing the benefits that could have been received.