Using an applet, we found that the theory-based test results in a t-statistic of -7.25 and p-value less than 0.0001. State your
conclusion in the context of the study. a. We have very strong evidence that the long-run average guess of the population size of Milwaukee, Wisconsin is smaller with the anchor of Chicago than with the anchor of Green Bay.
b. We have very strong evidence that the long-run average guess of the population size of Milwaukee, Wisconsin is smaller with the anchor of Green Bay than with the anchor of Chicago.
c. We have very weak evidence that the long-run average guess of the population size of Milwaukee, Wisconsin is larger with the anchor of Green Bay than with the anchor of Chicago.
d. We have very weak evidence that the long-run average guess of the population size of Milwaukee, Wisconsin is larger with the anchor of Chicago than with the anchor of Green Bay.
b. We have very strong evidence that the long-run average guess of the population size of Milwaukee, Wisconsin is smaller with the anchor of Green Bay than with the anchor of Chicago.
Step-by-step explanation:
Smaller p-value indicates a strong evidence in favor of the alternative hypothesis which means we can reject the null hypothesis. In the given scenario the p-value is 0.0001 which is very small. There is sufficient evidence for the rejection of null hypothesis.
