The money multiplier is 1/ 0.12
Answer:
The correct answer is an event occurring one or fewer times in 100 times if the null hypothesis is true.
Step-by-step explanation:
For a statistically rare event, its probability is relatively small and the event is very unlikely to occur. Therefore, if an experimental sets equal to 0.01 which is statistically rare, then we can interpret this mathematically as:
p(event) = 0.01 = 1/100
where p(event) is the probability of the event.
In addition, statistically, null hypothesis signifies no major difference between the specified parameters, and any obvious difference that might occur as a result of experimental error. Thus, it can be concluded that the event is occurring one or fewer times in 100 times if the null hypothesis is true.
The exact form is: w = -6/7
Answer: The answer is $44,496. I got it right on the test. Sorry that I was late...
Step-by-step explanation:
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