QUestion4
True proportion = 0.37
Test is conducted at the significance level 0.01
so we will reject the null hypothesis when p^ < 0.50 - Z0.01 * sqrt(0.5 * 0.5/150)
p^ < 0.50 - 2.326 * 0.0408
p^ < 0.4050
Here standard error of proportion when true proportion is 0.37 = sqrt (0.37 * 0.63/150) = 0.0394
Power of the test = Pr(p^ < 0.405) = NORM (p^ < 0.405 ; 0.37 ; 0.0394)
Z = (0.405 - 0.37)/0.0394 = 0.8254
Pr(p^ < 0.405) = Pr(Z < 0.8254) = 0.7954
Question 5
Null hypothesis will be rejected if p^ <= 0.4453
so Here the Z - value
Z = (0.4453 - 0.5)/ sqrt (0.5 * 0.5/150)
Z = -1.3399
so Significance level = Pr(Z < -1.3399) = 0.09
so here the significance level would be 0.09.
Please answer questions 4 & 5 Information The following applies to Questions 1 to 5: In...
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