Kelsie sold digital cameras on her website . She bought the cameras for $65 each and includes a 60% markup to get the selling pr
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Answer:
Null hypothesis:
Alternative hypothesis:
So the p value is a very low value and using any significance level for example always
so we can conclude that we have enough evidence to reject the null hypothesis, and we can say the the proportion 1 is significantly different from proportion 2.
Step-by-step explanation:
1) Data given and notation
represent the number of people with a characteristic in 1
represent the number of people with a characteristic in 2
sample of 1 selected
sample of 2 selected
represent the proportion of people with a characteristic in 1
represent the proportion of people with a characteristic in 2
z would represent the statistic (variable of interest)
represent the value for the test (variable of interest)
2) Concepts and formulas to use
We need to conduct a hypothesis in order to check if the proportion 1 is different from proportion 2 , the system of hypothesis would be:
Null hypothesis:
Alternative hypothesis:
We need to apply a z test to compare proportions, and the statistic is given by:
(1)
Where
3) Calculate the statistic
Replacing in formula (1) the values obtained we got this:
4) Statistical decision
For this case we don't have a significance level provided , but we can calculate the p value for this test.
Since is a two sided test the p value would be:
So the p value is a very low value and using any significance level for example always
so we can conclude that we have enough evidence to reject the null hypothesis, and we can say the the proportion 1 is significantly different from proportion 2.