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  • Hypothesis Calculation

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    Yashu Sharma
    4 vizualizări3 pagini
    A simple random sample of size n = 0.05N is collected. If p0 is2the assumed value of the population proportion, then np0 (1 - p0) >= 10. At the 0.05 significance level, test the company's claim that 90% of its claims are settled within 30 days.

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    A simple random sample of size n = 0.05N is collected. If p0 is2the assumed value of the population proportion, then np0 (1 - p0) >= 10. At the 0.05 significance level, test the company's claim that 90% of its claims are settled within 30 days.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    4 vizualizări3 pagini

    Hypothesis Calculation

    Încărcat de

    Yashu Sharma
    A simple random sample of size n = 0.05N is collected. If p0 is2the assumed value of the population proportion, then np0 (1 - p0) >= 10. At the 0.05 significance level, test the company's claim that 90% of its claims are settled within 30 days.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 3

    Hypothesis testing about the population proportion is carried out very similarly to the familiar method for hypothesis

    testing involving the population mean. Assumptions:


    1 Simple random sample of size n 0.05N is collected.

    If p0 is2the assumed value of the population proportion, then np0 (1 p0 ) 10. The test statistic will be calculated as z0 = p p0
    p0 (1p0 ) n

    Indafirst Life insurance company states that 90% of its claims are settled within 30 days. A consumer group selected a simple random sample of 75 of the companys claims to test this statement. The consumer group found that 55 of the claims were settled within 30 days. At the 0.05 signicance level, test the companys claim that 90% of its claims are settled within 30 days.

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