Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Oct 2017 My Price 4.00

financial advisor

A financial advisor claims that less then 50% of adults in the United States have a will. A random sample of 1000 adults showed that 450 of them have a will.

a. At the 5% significance level, can you conclude that the percentage of people who have a will is less than 50%?

b. What is the Type I error in part a? What is the probability of making this error?

c. What would your decision be in part a if the probability of making a Type I error were zero? Explain

d. Find the p-value for the test of hypothesis mentioned in part a. Using this p-value, will you reject the null hypothesis if α = .05? What if α = .01?

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Oct 2017 02:10 PM My Price 4.00

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