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Find the test statistic tsTAT=-5.40 (Round to two decimal places as needed.) Find the p-value. p-value=0.000(Round to three decimal places as needed.) Choose the correct answer below. OA.Reject Ho.There is sufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector. O B.Do not reject Ho.There is insufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector. O C.Do not reject Ho.There is sufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector. O D.Reject Ho.There is insufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector.

Question

Find the test statistic tsTAT=-5.40 (Round to two decimal places as needed.) Find the p-value. p-value=0.000(Round to three decimal places as needed.) Choose the correct answer below. OA.Reject Ho.There is sufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector. O B.Do not reject Ho.There is insufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector. O C.Do not reject Ho.There is sufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector. O D.Reject Ho.There is insufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector.

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Solution

The correct answer is OA. Reject Ho. There is sufficient evidence that the mean brand value for the technology sector is different from the mean brand value for the financial institutions sector.

This is because the test statistic is -5.40 and the p-value is 0.000. A p-value less than 0.05 typically indicates strong evidence against the null hypothesis (Ho), so you reject the null hypothesis.

Similar Questions

What is the p-value for the test statistic? The p-value is 0.047. (Round to three decimal places as needed.) What is the correct conclusion at the 0.10 level of significance? OA.Reject Ho.There is sufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. B.Do not reject Ho.There is sufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. C.Reject Ho.There is insufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B. OD.Do not reject Ho.There is insufficient evidence to conclude that there is a difference between the mean roundtrip fares between Airline A and Airline B.

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consider the following hypothesis test:h0: m525 ha: m ±25 a sample of 40 provided a sample mean of 26.4. the population standard deviation is 6.a. compute the value of the test statistic.b. what is the p-value ?c. at a = .01, what is your conclusion?d. what is the rejection rule using the critical value? what is your conclusion?

Which of the following facts about the p-value of a test is correct? Check all that apply. The p-value is calculated under the assumption that the null hypothesis is true. The smaller the p-value, the more evidence the data provide against H0. The p-value can have values between −1 and 1.

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