Test Hypotheses About a Population Mean with Known Using P-Values $\alpha = 0.01$

question 119

Multiple Choice

Test Hypotheses about a Population Mean with Known Using P-values
-Suppose you are using $\alpha = 0.01$ to test the claim that $\mu \leq 47$ using a P-value. You are given the sample statistics $\mathrm { n } = 40 , \overline { \mathrm { x } } = 48.8$ , and $\sigma = 4.3$ . Find the $\mathrm { P }$ -value.

• A) \(0.0040\)
• B) \(0.9960\)
• C) \(0.0211\)
• D) \(0.1030\)

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Ordinary Interest

Interest calculated based on a 360-day year, typically used in banking and finance for loans and savings.

Total Amount

The aggregate or final sum of various components, such as the total cost, payment, or investment value.

Exact Interest

A method of calculating interest based on a 365 or 360-day year, often used in banking and finance to determine the amount due on loans or investments.

365-Day Year

A convention used in interest calculations assuming a full year consists of 365 days.