Mathematics, 27.11.2020 05:20 robyn88
A 2014 study by the reputable Gallup organization estimates that 34% of U. S. adults are worried about money. We want to know if the proportion is greater this year. We select a random sample of 100 U. S. adults this year and find that 40% are worried about money. After carrying out the hypothesis test for p= 0.34 compared to p>0.34, we obtain a P-value of 0.10. Which of the following interpretations of the P-value is correct?
a. There is a 10% chance that sample of 100 U. S. adults will have 40% or more worried about money if 34% of the population is worried about money this year.
b. There is a 10% chance that 40% or more of U. S. adults are worried about money this year if 34% were worried about money in 2014.
c. There is a 10% chance that 40% of U. S. adults are worried about money this year.
d. There is a 10% chance that 34% of U. S. adults are worried about money this year
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A 2014 study by the reputable Gallup organization estimates that 34% of U. S. adults are worried abo...