10/12Choose the correct explanation below. Choose the correct conclusion below. Some have argued that throwing darts at the stock pages to decide which companies to invest in could be a successful stock-picking strategy Suppose a researcherdecides to test this theory and randomly chooses 100 companies to invest in. After 1 year, 52 of the companies were considered winners; that is, they outperformedother companies in the same investment class. To assess whether the dart-picking strategy resulted in a majority of winners, the researcher tested Ho: p= 0.5 versusH p0.5 and obtained a P-value of 0.3446. Explain what this P-value means and write a conclusion for the researcher. (Assume a is 0.1 or less.)Choose the correct explanation below.O A. About 52 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is greater than 0.5.O B. About 52 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is 0.5.O C. About 34 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is greater than 0.5.O D. About 34 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is 0.5.Choose the correct conclusion below.O A. Because the P-value is small, do not reject the null hypothesis. There is not sufficient evidence to conclude that the dart-picking strategy resulted in a Some have argued that throwing darts at the stock pages to decide which companies to invest in could be a successful stock-picking strategy. Suppose a researcherdecides to test this theory and randomly chooses 100 companies to invest in. After 1 year, 52 of the companies were considered winners; that is, they outperformedother companies in the same investment class. To assess whether the dart-picking strategy resulted in a majority of winners, the researcher tested H: p=0.5 versusH:p0.5 and obtained a P-value of 0.3446. Explain what this P-value means and write a conclusion for the researcher. (Assume a is 0.1 or less.)O C. About 34 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is greater than 0.5.O D. About 34 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is 0.5.Choose the correct conclusion below.O A. Because the P-value is small, do not reject the null hypothesis. There is not sufficient evidence to conclude that the dart-picking strategy resulted in amajority of winners.O B. Because the P-value is small, reject the null hypothesis. There is sufficient evidence to conclude that the dart-picking strategy resulted in a majority ofwinners.O C. Because the P-value is large, reject the null hypothesis. There is sufficient evidence to conclude that the dart-picking strategy resulted in a majority ofwinners.O D. Because the P-value is large, do not reject the null hypothesis. There is not sufficient evidence to conclude that the dart-picking strategy resulted in amajority of winners.

Question

10/12Choose the correct explanation below. Choose the correct conclusion below. Some have argued that throwing darts at the stock pages to decide which companies to invest in could be a successful stock-picking strategy Suppose a researcherdecides to test this theory and randomly chooses 100 companies to invest in. After 1 year, 52 of the companies were considered winners; that is, they outperformedother companies in the same investment class. To assess whether the dart-picking strategy resulted in a majority of winners, the researcher tested Ho: p= 0.5 versusH p>0.5 and obtained a P-value of 0.3446. Explain what this P-value means and write a conclusion for the researcher. (Assume a is 0.1 or less.)Choose the correct explanation below.O A. About 52 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is greater than 0.5.O B. About 52 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is 0.5.O C. About 34 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is greater than 0.5.O D. About 34 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is 0.5.Choose the correct conclusion below.O A. Because the P-value is small, do not reject the null hypothesis. There is not sufficient evidence to conclude that the dart-picking strategy resulted in a Some have argued that throwing darts at the stock pages to decide which companies to invest in could be a successful stock-picking strategy. Suppose a researcherdecides to test this theory and randomly chooses 100 companies to invest in. After 1 year, 52 of the companies were considered winners; that is, they outperformedother companies in the same investment class. To assess whether the dart-picking strategy resulted in a majority of winners, the researcher tested H: p=0.5 versusH:p>0.5 and obtained a P-value of 0.3446. Explain what this P-value means and write a conclusion for the researcher. (Assume a is 0.1 or less.)O C. About 34 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is greater than 0.5.O D. About 34 in 100 samples will give a sample proportion as high or higher than the one obtained if the population proportion really is 0.5.Choose the correct conclusion below.O A. Because the P-value is small, do not reject the null hypothesis. There is not sufficient evidence to conclude that the dart-picking strategy resulted in amajority of winners.O B. Because the P-value is small, reject the null hypothesis. There is sufficient evidence to conclude that the dart-picking strategy resulted in a majority ofwinners.O C. Because the P-value is large, reject the null hypothesis. There is sufficient evidence to conclude that the dart-picking strategy resulted in a majority ofwinners.O D. Because the P-value is large, do not reject the null hypothesis. There is not sufficient evidence to conclude that the dart-picking strategy resulted in amajority of winners.

Accepted Answer

The p-value is a conditional probability of getting a test statistic as extreme or more extreme than…

/12 Choose the correct explanation below. Choose the correct conclusion below