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:

Manufacturer/Dealer Lessor

A party that leases out the goods they manufacture or deal in, providing customers with access to assets without transferring ownership.

Leased Receivable

An asset account that represents amounts owed by lessees to the owner of leased property, under the terms of lease agreements.

AASB 16

An Australian accounting standard that introduces a single lessee accounting model, requiring lessees to recognize assets and liabilities for all leases.

IFRS 16

An International Financial Reporting Standard that provides guidance on accounting for leases, requiring lessees to recognize most leases on their balance sheets.