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Mariulka [41]
3 years ago
12

If a 1% level of significance is used to test a null hypothesis, there is a probability of __________ of rejecting the null hypo

thesis when it is true.
Mathematics
1 answer:
USPshnik [31]3 years ago
7 0

Answer:

If a 1% level of significance is used to test a null hypothesis, there is a probability of ____ less than 1%______ of rejecting the null hypothesis when it is true

Step-by-step explanation:

Given that a hypothesis testing is done.

Level of significance used is 1%

i.e. alpha = 1%

When we do hypothesis test, we find out test statistic Z or t suitable for the test and find p value

If p value is < 1% we reject null hypothesis otherwise we accept null hypothesis.

So p value can be atmost 1% only for accepting null hypothesis.

So the answer is 1%

If a 1% level of significance is used to test a null hypothesis, there is a probability of ____less than 1%______ of rejecting the null hypothesis when it is true.

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Step-by-step explanation:

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Which of the following is equivalent to 1/3(6x-12y) ?
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3 years ago
Jim and Jackie are married with three children at home and a mortgage. Jim’s net pay per year is $67,000 and Jackie does not hav
rodikova [14]

The correct option is that they should work on their plan for managing income.

<h3>How to illustrate the information?</h3>

Given that Jim and Jackie are married with three children and have a home at mortgage.

The net pay per year of Jim is $67,000 and Jackie do not earn at all. The mortgage expenses and monthly expenses are

$(2,800+2,700) = $5,500, not much as compared to the total income.

Also, Jim contributes 15% of his income , i.e., $10050 into the retirement fund and also they have savings of $5,000.

In addition, there is a $500,000 life insurance policy on Jim and a $100,000 policy on Jackie.

Therefore, looking at all of these, it can be concluded that the net income of Jim per year is not bad at all to manage the expenses, they just have to work on it little more to run the family smoothly.

Thus, the correct option is that they should work on their plan for managing income.

Learn more about income on:

brainly.com/question/25745683

#SPJ1

Complete question:

Jim and Jackie are married with three children at home and a mortgage. Jim’s net pay per year is $67,000 and Jackie does not have income. Their mortgage payment of $2,800 includes insurance on their home. They have additional monthly expenses of $2,700. Jim contributes 15% of his earnings to a retirement fund and they have $5,000 in savings. There is a $500,000 life insurance policy on Jim and a $100,000 policy on Jackie. As their financial advisor, what part of Jim and Jackie’s financial plan would you encourage them to work on? a. They should work on their plan for managing income. b. They should work on their plan for managing their liquidity. c. They should work on their plan for protecting their assets. d. They should work on their plan for protecting their income.

3 0
1 year ago
What is 5,267 rounded to the nearest ten?
Soloha48 [4]

Answer:

2,270

Step-by-step explanation:

If you look at the last two numbers, then you can see that the closest ten to 67 is 70.

8 0
3 years ago
Read 2 more answers
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