Question

Consider this quote: "In a recent survey, 65 out of 100 consumers reported that they preferred plastic bags instead of paper bags for their groceries. If there is no difference in the proportions who prefer each type in the population, the chance of such extreme results in a sample of this size is about .03. Because .03 is less than .05, we can conclude that there is a statistically significant difference in preference." Give a numerical value for each of the following.
a. The p-value.
b. The level of significance, α.
c. The sample proportion.
d. The sample size.
e. The null value.

Answer 1

Answer:

Step-by-step explanation:

The p value (probability of obtaining results as extreme the z score if null is true) is usually the value derived to make a conclusion and in this case the p value is 0.03

The level of significance is the value usually compared with the p value which is 0.05

The sample promotion is 65 out of 100 = 65/100 = 0.65

The sample size is the total number of consumers which is 100

The null value is usually the default value. The null value would assume that there is no difference in the proportions who prefer each type in the population. There are two preferences: 100/2 = 50- 0.5 for each preference.