Mathematics, 15.04.2020 04:56 jaylaa04

Suppose a poll is taken that shows that 765 out of 1500 randomly selected, independent people believe the rich should pay more taxes than they do. Test the hypothesis that a majority (more than 50%) believe the rich should pay more taxes than they do. Use a significance level of 0.05.

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Answer from: emmavaran03

$z=\frac{0.51 -0.5}{\sqrt{\frac{0.5(1-0.5)}{1500}}}=0.775$

p_v =P(z0.775)=0.219

So the p value obtained was a very high value and using the significance level given $\alpha=0.05$ we have $p_v\alpha$ so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, and we can said that at 5% of significance the proportion of interest is not significantly higher than 0.5

Step-by-step explanation:

Data given and notation

n=1500 represent the random sample taken

X=765 represent the successes

$\hat p=\frac{765}{1500}=0.51$ estimated proportion of successes

p_o=0.5 is the value that we want to test

$\alpha=0.05$ represent the significance level

Confidence=95% or 0.95

z would represent the statistic (variable of interest)

p_v represent the p value (variable of interest)

Concepts and formulas to use

We need to conduct a hypothesis in order to test the claim that the true proportion is higher than 0.5:

Null hypothesis: $p \leq 0.5$

Alternative hypothesis: p 0.5

When we conduct a proportion test we need to use the z statistic, and the is given by:

$z=\frac{\hat p -p_o}{\sqrt{\frac{p_o (1-p_o)}{n}}}$ (1)

The One-Sample Proportion Test is used to assess whether a population proportion $\hat p$ is significantly different from a hypothesized value p_o .

Calculate the statistic

Since we have all the info requires we can replace in formula (1) like this:

$z=\frac{0.51 -0.5}{\sqrt{\frac{0.5(1-0.5)}{1500}}}=0.775$

Statistical decision

It's important to refresh the p value method or p value approach . "This method is about determining "likely" or "unlikely" by determining the probability assuming the null hypothesis were true of observing a more extreme test statistic in the direction of the alternative hypothesis than the one observed". Or in other words is just a method to have an statistical decision to fail to reject or reject the null hypothesis.

The significance level provided $\alpha=0.05$ . The next step would be calculate the p value for this test.

Since is a right tailed test the p value would be:

p_v =P(z0.775)=0.219

Answer from: Quest

google dat sis

step-by-step explanation:

Answer from: Quest

Cis your correct answer

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