In 2007, a Gallup poll estimated that 45% of U.S. adults rated their financial situation as “good.” We want to know if the proportion is smaller this year. We gather a random sample of 100 U.S. adults this year and find that 39 rate their financial situation as “good.” Use the output from Minitab to complete the following statements about the p-value. Use numbers from the output to fill in the blanks.A p-value of tells us that it is to get data like those observedassuming .Reset this ActivityThis p-value is the probability of observing a test statistic than ,assuming .Reset this ActivityThe p-value is the probability of observing a sample proportion that is standard deviations or more p0 = ,assuming that the true population proportion is .Reset this ActivityThe p-value is the probability of observing a sample proportion of or in a random sample of size , when thetrue population proportion is .
Question
In 2007, a Gallup poll estimated that 45% of U.S. adults rated their financial situation as “good.” We want to know if the proportion is smaller this year. We gather a random sample of 100 U.S. adults this year and find that 39 rate their financial situation as “good.” Use the output from Minitab to complete the following statements about the p-value. Use numbers from the output to fill in the blanks.A p-value of tells us that it is to get data like those observedassuming .Reset this ActivityThis p-value is the probability of observing a test statistic than ,assuming .Reset this ActivityThe p-value is the probability of observing a sample proportion that is standard deviations or more p0 = ,assuming that the true population proportion is .Reset this ActivityThe p-value is the probability of observing a sample proportion of or in a random sample of size , when thetrue population proportion is .
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