Keith has $500 in a savings account at the beginning of the summer. He wants to have at least $200 at the end
1 answer:
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Answer:
Correct option is (C).
The possible value of the <em>p</em>-value for a one-tailed test are 0.22 and 0.78.
Step-by-step explanation:
The <em>p</em>-value is the probability of acquiring a result as extreme as the observed result, assuming the null hypothesis statement is true.
The <em>p</em> value of a test is:
Left-tailed test:
Right-tailed test: .
Here,
TS = Test statistic
ts = computed value of the test statistic.
The two-tailed <em>p</em>-value is: or
.
The <em>p</em>-value of the two tailed test is, 0.44.
Compute the <em>p</em>-value for one-tailed test a follows:
- For a left-tailed test:
- For a right-tailed test:
Thus, the possible value of the <em>p</em>-value for a one-tailed test are 0.22 and 0.78.
The correct option is (C).