Independent random samples of n 1 = 150 and n 2 = 150 sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales. Suppose you have no preconceived theory concerning which parameter, p 1 or p 2 , is the larger and you wish to detect only a difference between the two parameters if one exists.Calculate the standard error of the difference in the two sample proportions, 1 = 150 and n 2 = 150 sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales. Suppose you have no preconceived theory concerning which parameter, p 1 or p 2 , is the larger and you wish to detect only a difference between the two parameters if one exists. Calculate the standard error of the difference in the two sample proportions, . Make sure to use the pooled estimate for the common value of p. ______________ Calculate the test statistic that you would use for the test above. Based on your knowledge of the standard normal distribution, is this a likely or unlikely observation, assuming that H 0 is true and the two population proportions are the same? Test statistic = ______________ Find the p-value for the test. Test for a significant difference in the population means at the 1% significance level. p-value = ______________ Find the rejection region when = 0.01. Do the data provide sufficient evidence to indicate a difference in the population proportions? Critical Value(s) = ______________ Conclusion: ______________ Interpretation: __________________________________________ class=answers-bank-image d-inline rel=preload . Make sure to use the pooled estimate for the common value of p.______________Calculate the test statistic that you would use for the test above. Based on your knowledge of the standard normal distribution, is this a likely or unlikely observation, assuming that H 0 is true and the two population proportions are the same?Test statistic = ______________Find the p-value for the test. Test for a significant difference in the population means at the 1% significance level.p-value = ______________Find the rejection region when 1 = 150 and n 2 = 150 sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales. Suppose you have no preconceived theory concerning which parameter, p 1 or p 2 , is the larger and you wish to detect only a difference between the two parameters if one exists. Calculate the standard error of the difference in the two sample proportions, . Make sure to use the pooled estimate for the common value of p. ______________ Calculate the test statistic that you would use for the test above. Based on your knowledge of the standard normal distribution, is this a likely or unlikely observation, assuming that H 0 is true and the two population proportions are the same? Test statistic = ______________ Find the p-value for the test. Test for a significant difference in the population means at the 1% significance level. p-value = ______________ Find the rejection region when = 0.01. Do the data provide sufficient evidence to indicate a difference in the population proportions? Critical Value(s) = ______________ Conclusion: ______________ Interpretation: __________________________________________ class=answers-bank-image d-inline rel=preload = 0.01. Do the data provide sufficient evidence to indicate a difference in the population proportions?Critical Value(s) = ______________Conclusion: ______________Interpretation: __________________________________________

Question

Independent random samples of n 1  = 150 and n 2  = 150 sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales. Suppose you have no preconceived theory concerning which parameter, p 1  or p 2 , is the larger and you wish to detect only a difference between the two parameters if one exists.Calculate the standard error of the difference in the two sample proportions,  1  = 150 and n 2  = 150 sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales. Suppose you have no preconceived theory concerning which parameter, p 1  or p 2 , is the larger and you wish to detect only a difference between the two parameters if one exists. Calculate the standard error of the difference in the two sample proportions,   . Make sure to use the pooled estimate for the common value of p. ______________ Calculate the test statistic that you would use for the test above. Based on your knowledge of the standard normal distribution, is this a likely or unlikely observation, assuming that H 0  is true and the two population proportions are the same? Test statistic = ______________ Find the p-value for the test. Test for a significant difference in the population means at the 1% significance level. p-value = ______________ Find the rejection region when   = 0.01. Do the data provide sufficient evidence to indicate a difference in the population proportions? Critical Value(s) = ______________ Conclusion: ______________ Interpretation: __________________________________________ class=answers-bank-image d-inline rel=preload > . Make sure to use the pooled estimate for the common value of p.______________Calculate the test statistic that you would use for the test above. Based on your knowledge of the standard normal distribution, is this a likely or unlikely observation, assuming that H 0  is true and the two population proportions are the same?Test statistic = ______________Find the p-value for the test. Test for a significant difference in the population means at the 1% significance level.p-value = ______________Find the rejection region when  1  = 150 and n 2  = 150 sales phone calls for an insurance policy were randomly selected from binomial populations 1 and 2, respectively. Sample 1 had 80 successful sales, and sample 2 had 88 successful sales. Suppose you have no preconceived theory concerning which parameter, p 1  or p 2 , is the larger and you wish to detect only a difference between the two parameters if one exists. Calculate the standard error of the difference in the two sample proportions,   . Make sure to use the pooled estimate for the common value of p. ______________ Calculate the test statistic that you would use for the test above. Based on your knowledge of the standard normal distribution, is this a likely or unlikely observation, assuming that H 0  is true and the two population proportions are the same? Test statistic = ______________ Find the p-value for the test. Test for a significant difference in the population means at the 1% significance level. p-value = ______________ Find the rejection region when   = 0.01. Do the data provide sufficient evidence to indicate a difference in the population proportions? Critical Value(s) = ______________ Conclusion: ______________ Interpretation: __________________________________________ class=answers-bank-image d-inline rel=preload > = 0.01. Do the data provide sufficient evidence to indicate a difference in the population proportions?Critical Value(s) = ______________Conclusion: ______________Interpretation: __________________________________________

Courtney Fraser · Accepted Answer

Final Answer : 0.0573; -0.94; 0.3472; 2.575, -2.575; Do not reject H 0 ; There is NO evidence of a difference in the two population proportions

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