Consider the Following Hypothesis Test:
H_o: P = 0 $\neq$ 05
a Sample of 800 Provided a Sample Proportion of P

question 109

Essay

Consider the following hypothesis test:
H_o: p = 0.5
H_a: p $\neq$ 0.5
A sample of 800 provided a sample proportion of 0.58.
a.Using $\alpha$ = 0.05, what is the rejection rule?
b.Determine the standard error of the proportion.
c.Compute the value of the test statistic z. What is your conclusion?
d.Determine the p-value.

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Definitions:

Causation

The relationship between cause and effect where one event (the cause) makes another event happen (the effect).

Usage Tax

Usage tax is a levy on the use of goods or services, typically calculated as a percentage of the purchasing price or a flat rate, aimed at specific products or activities.

Difference-In-Differences

is an econometric technique used to estimate the effect of a specific intervention or treatment by comparing the changes in outcomes over time between a treatment group and a control group.

Usage Tax

A tax imposed on the use of goods or services, typically applied to regulate or discourage certain behaviors.