Assume a = 0.05 for all cases and state the final conclusion from the given information. Please explain why this is the correct conclusion.
a) Original claim: The mean body temperature of healthy adults is 98.6 degrees Fahrenheit. Initial conclusion: Fail to reject H0.
b) Original claim: The proportion of people who pay their credit card balance in full each month is less than 25%. Initial conclusion: Reject H0.
c) Original claim: The proportion of people who like to gamble is greater than 33%. Initial conclusion: Fail to reject H0.
Ans:
a)Final conclusion:
There is not sufficient evidence to reject the claim that the mean body temperature of healthy adults is 98.6 degrees Fahrenheit.
b)Final conclusion:
There is sufficient evidence to support the claim that the proportion of people who pay their credit card balance in full each month is less than 25%.
c)Final conclusion:
There is not sufficient evidence to support the claim that the proportion of people who like to gamble is greater than 33%.
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