Solved

I Conduct an Experiment to Get an Estimate of a Parameter

Question 25

Multiple Choice

I conduct an experiment to get an estimate of a parameter, pp . My estimate is p^=6\hat{p}=6 . Suppose I choose α=.05\alpha=.05 and conduct the following test: Ho:p^=4;H1:p^4H_{o}: \hat{p}=4 ; H_{1}: \hat{p} \neq 4 . I fail to reject HoH_{o} . What can I conclude?


A) The probability of observing a 6 , when p=4p=4 , is greater than .05 .
B) The probability of observing 6 or less, when p=4p=4 , is greater than .05 .
C) The true value of the parameter is p=6p=6 .
D) The probability of observing 6 or more, when p=4p=4 , is less than .05 .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions