In April of 2011, the unemployment rate in Canada was reported to be 7.4%. Suppose that Statistics Canada claims that the current unemployment rate is lowerthan that of April 2011. Suppose a test was conducted on current unemployment and a random sample size of 1000 found an unemployment rate at 6.1%. Testan appropriate hypothesis and state your conclusion. Use a significance level of 1.0%.(a) What are the null and alternative hypotheses?Họ: p0.074 +HẠ: P0.074 +(b) What is the test statistic? (Round your answer to 2 decimal places, if needed.)(c) Using the statistical table, what is the p-value? (Round your answer to 4 decimal places, if needed.)(d) Based on the p-value, fail to reject +the null hypothesis.(e) This data does not provide + sufficient evidence to conclude that the unemployment rate has decreased since April of 2011.

Given n=1000 Pcap=0.061 Significance level=0.01

April of 2011, the unemployment rate in Canada was reported to be 7.4%. Suppose that Statistics Canada claims that the current unemployment rate is lower an that of April 2011. Suppose a test was conducted on current unemployment and a random sample size of 1000 found an unemployment rate at 6.1%. Test n appropriate hypothesis and state your conclusion. Use a significance level of 1.0%. ) What are the null and alternative hypotheses? o: p 0.074 LA: p 0.074 ) What is the test statistic? (Round your answer to 2 decimal places, if needed.) ) Using the statistical table, what is the p-value? (Round your answer to 4 decimal places, if needed.) ) Based on the p-value, fail to reject + the null hypothesis. ) This data does not provide ÷ sufficient evidence to conclude that the unemployment rate has decreased since April of 2011.

April of 2011, the unemployment rate in Canada was reported to be 7.4%. Suppose that Statistics Canada claims that the current unemployment rate is lower an that of April 2011. Suppose a test was conducted on current unemployment and a random sample size of 1000 found an unemployment rate at 6.1%. Test n appropriate hypothesis and state your conclusion. Use a significance level of 1.0%. ) What are the null and alternative hypotheses? o: p 0.074 LA: p 0.074 ) What is the test statistic? (Round your answer to 2 decimal places, if needed.) ) Using the statistical table, what is the p-value? (Round your answer to 4 decimal places, if needed.) ) Based on the p-value, fail to reject + the null hypothesis. ) This data does not provide ÷ sufficient evidence to conclude that the unemployment rate has decreased since April of 2011.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 58E: What is meant by the sample space of an experiment?

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