Calculate the p-value for the test statistic value, Basic Statistics

A subject is asked to pick the suit of a card that she does not see, picked at random from a standard deck of playing cards. If the subject has no extra-sensory powers (ESO) her guesses should be correct, on average, 1 in 4 times. However, if she has ESP then the proportion of correct guesses should be better than 1 in 4.

(a) If the subject gets the suit correct 120 times in 400 trials, test (at the 5% level of significance) the statistical evidence that the subject might have ESP.

(b) Calculate the p-value for the test statistic value in (a) and interpret it.

Posted Date: 3/25/2013 3:45:28 AM | Location : United States







Related Discussions:- Calculate the p-value for the test statistic value, Assignment Help, Ask Question on Calculate the p-value for the test statistic value, Get Answer, Expert's Help, Calculate the p-value for the test statistic value Discussions

Write discussion on Calculate the p-value for the test statistic value
Your posts are moderated
Related Questions
Marginal costing and Break-even analysis According to C.I.M.A. Manchester, "Marginal Price means the quantity at any given variety of result by which get worse scenario costs ar

how to write and assignment on the balance sheet?

Accounting Standards Aims and Objectives:  The aim of this report is to understand the various changes that have taken place in the accounting standards in various countries since

Hanks Western Wear is a western hat retailer in Lubbock, TX.  Though Hanks carries various styles of western hats, every hat has approximately the similar price and invoice (purcha

Ask question #MinimumAgency revenues. An economic consultant was retained by a large employment agency in a metropolitan area to develop a regression model for predicting monthly a

free hand curve to measure secular trend

Median The median describes the value of the middle term in data. The data set must be ranked first in increasing order before the middle value is identified. The median separa

Suppose that permanent income, YP (t) is calculated as the average of disposable income (YD t ) over the past 5 years, that is: YP (t) = 0.2(YD t + YD t-1 + YD t-2 + YD t-3

Ask qComparing Two Samples: 1. Apply the function "plot" to the formula that relates the response "frequency" to the explanatory variable "march2007" in order to produce the two bo

order tomatoes in crates of 25 kg and he is able to stock a maximum of four crates or 100 kg of tomatoes. His experience taught him that the daily demand ranges from 0 to100 kg of