I have data on the mean price charged for knee replacements (the variable is called, meancharge) at a sample of US hospitals. In STATA, I test whether mean price charge for knee replacement in the population is less than $42.500. The output is shown here. Which of the following statements is false? O. I cannot reject the null hypothesis at the 5% significance level. O. I cannot reject the null hypothesis at the 10% significance level. O. I reject the null hypothesis at the 10% significance level. O. I cannot reject the null hypothesis at the 1% significance level.
I have data on the mean price charged for knee replacements (the variable is called, meancharge) at a sample of US hospitals. In STATA, I test whether mean price charge for knee replacement in the population is less than $42.500. The output is shown here. Which of the following statements is false? O. I cannot reject the null hypothesis at the 5% significance level. O. I cannot reject the null hypothesis at the 10% significance level. O. I reject the null hypothesis at the 10% significance level. O. I cannot reject the null hypothesis at the 1% significance level.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
I have data on the mean price charged for knee replacements (the variable is called, meancharge) at a sample of US hospitals. In STATA, I test whether mean price charge for knee replacement in the population is less than $42.500. The output is shown here. Which of the following statements is false?
O. I cannot reject the null hypothesis at the 5% significance level.
O. I cannot reject the null hypothesis at the 10% significance level.
O. I reject the null hypothesis at the 10% significance level.
O. I cannot reject the null hypothesis at the 1% significance level.
![. ttest meancharge--42500
One-sample t test
Variable |
Obs
Неап
5td. Err.
Std. Dev.
[954 Conf. Interval]
neanch-e I
167
45157.81
1955. 326
25268.38
41297.3
49018.33
nean - ean (meancharge)
Но: пеан -42500
t -
degrees of freedon -
1.3593
166
На: пеап < 42500
Pr (T < t) = 0.9120
На : еаn !-42500
Pr(ITI > t ]) = 0.1759
На : еап > 42500
Pr(T > t) = 0.0880](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45e06ed1-d01d-4b8e-989f-53159e8019ed%2Ffa23af0a-00ce-4aaf-af17-30851fe3e338%2Ftofu9cf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:. ttest meancharge--42500
One-sample t test
Variable |
Obs
Неап
5td. Err.
Std. Dev.
[954 Conf. Interval]
neanch-e I
167
45157.81
1955. 326
25268.38
41297.3
49018.33
nean - ean (meancharge)
Но: пеан -42500
t -
degrees of freedon -
1.3593
166
На: пеап < 42500
Pr (T < t) = 0.9120
На : еаn !-42500
Pr(ITI > t ]) = 0.1759
На : еап > 42500
Pr(T > t) = 0.0880
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