Answer:
Becky graduated with a master degree in Personal Financial Planning. After working two years in a small financial planning firm, Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume?a.16.7%b.25.5%c.75.7%d.83.3%e.95.5%14. Which of the following goals is stated in a way that is most useful for developing a financial plan?
Step-by-step explanation:
Answer:6
Step-by-step explanation: PQRS is 2x the size of ABCD
Answer:
D. If the P-value for a particular test statistic is 0.33, she expects results at least as extreme as the test statistic in exactly 33 of 100 samples if the null hypothesis is true.
D. Since this event is not unusual, she will not reject the null hypothesis.
Step-by-step explanation:
Hello!
You have the following hypothesis:
H₀: ρ = 0.4
H₁: ρ < 0.4
Calculated p-value: 0.33
Remember: The p-value is defined as the probability corresponding to the calculated statistic if possible under the null hypothesis (i.e. the probability of obtaining a value as extreme as the value of the statistic under the null hypothesis).
In this case, you have a 33% chance of getting a value as extreme as the statistic value if the null hypothesis is true. In other words, you would expect results as extreme as the calculated statistic in 33 about 100 samples if the null hypothesis is true.
You didn't exactly specify a level of significance for the test, so, I'll use the most common one to make a decision: α: 0.05
Remember:
If p-value ≤ α, then you reject the null hypothesis.
If p-value > α, then you do not reject the null hypothesis.
Since 0.33 > 0.05 then I'll support the null hypothesis.
I hope it helps!
