What is a P-Value?

How to Calculate P Value

P-Value: What It Is, How to Calculate It, and Why It Matters

Answered: vrong decision. 4) In the p-value approach, if p-value>a (the level of significance) we reject the null hypothesis. | bartleby

SOLVED:Using p-value approach or using the confidence intervalAverage college cost of tuition fee for all private institutions last year was P36, 400. A random sample of costs this year for 45 institutions of higher learning indicated that the sample mean was P37,900 and a sample standard deviation was P5,600. At the 0.10 level of significance, is there sufficient evidence to conclude that the cost has increased? (Illustrate the six (6) steps in hypothesis testing using the p-value approach or t

SOLVED: Test the hypothesis using the P-value approach. Be sure to verify the requirements of the test.Ho: p=0.75 versus H1 p#0.75 n=500,=360,=0.01(Type an integer or a decimal. Do not round.)O A.Yes, because npo (1 - Po) =O B. No, because npo (1 - po) =Now find p. = (Type an integer or a decimal. Do not round.) Find the test statistic Zo-Zo =(Round to two decimal places as needed.)Find the P-value.P-value =(Round to three decimal places as needed.)State the conclusion of the hypothesis test.be