The Next Questions Are Based On The Following Information:
An accountant claims to be able to complete a standard tax return in under an hour.For a random sample of 24 tax returns,the accountant averaged 63.2 minutes with a standard deviation of 7.7 minutes.
-What is the most accurate estimate of the p-value?
A)0.025

Question

The Next Questions Are Based On The Following Information:
An accountant claims to be able to complete a standard tax return in under an hour.For a random sample of 24 tax returns,the accountant averaged 63.2 minutes with a standard deviation of 7.7 minutes.
-What is the most accurate estimate of the p-value?
A)0.025 < p-value < 0.05
B)0.01 < p-value < 0.025
C)0.05 < p-value < 0.10
D)p-value < 0.01

Quizplus · Accepted Answer

The sample mean is 63.2 minutes, which is greater than 60 minutes. Using a t-test for the sample size of 24, the calculated t-value will fall in the range that corresponds to a p-value between 0.025 and 0.05.

The Next Questions Are Based on the Following Information