Explain the meaning of the p-value

Assignment Help Basic Statistics
Reference no: EM131795097

Coke vs. Pepsi Suppose you are testing someone to see if he or she can tell Coke from Pepsi, and you are using 20 trials, half with Coke and half with Pepsi. The null hypothesis is that the person is guessing.

The alternative is one sided: Ha: p0 > 0.5. The person gets 13 right out of 20. The p-value comes out to be 0.090. Explain the meaning of the p-value.

Reference no: EM131795097

Questions Cloud

What is the maximum price to which aflac can declie : A mutual fund has 250 shares of 3M, currently trading at $160 and 500 shares of Aflac, currently trading at $60. The fund has 2,500 shares outstanding.
General characters of porifera : General characters of PORIFERA
Marketing manager for a local cable company : Pricing Strategies Assume you are the marketing manager for a local cable company. You have some direct competitors including AT&T U-verse and the Dish Network.
Conduct creates and defines the terms of their contract. : In an implied--in-fact contract, the parties' conduct creates and defines the terms of their contract.
Explain the meaning of the p-value : The alternative is one sided: Ha: p0 > 0.5. The person gets 13 right out of 20. The p-value comes out to be 0.090. Explain the meaning of the p-value.
Problem on the firm equity cost of capital : NoGrowth Corporation currently pays a dividend of $0.44 per quarter, and it will continue to pay this dividend forever.
Business take advantage of the technology : How important do you perceive databases and data mining to business? How could a small business take advantage of the technology?
How many europeans would you expect in a conference : Group is a private conference comprising American and European political elites who make up one-third and two-thirds of the group, respectively.
Prepare the entry on ritz company''s books to record the sale : First Business Bank charges a 3.5% service charge for credit card sales. Prepare the entry on Ritz Company's books to record the sale of merchandise

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd