A recipe for a new wall covering product is in the development stage. It is impo
ID: 3324896 • Letter: A
Question
A recipe for a new wall covering product is in the development stage. It is important that the average elasticity of this product is exactly 12%. A random sample of 49 pilot batches of the new recipe is found to have an average acidity content of 12.28%. It is also known that wall coverings produced in this manufacturing plant in general have a population standard deviation of 0.70%. Given that the analyst would like to conduct the hypothesis test at the = .01 level of significance, the decision rule for the test is
If p>.01, Reject H0If p.01, Accept H0
If p.01, Accept H0If p<.01, Reject H0
If p=.01, Accept H0If p.01, Reject H0
If p.01, Accept H0If p=.01, Reject H0
a.If p>.01, Reject H0If p.01, Accept H0
b.If p.01, Accept H0If p<.01, Reject H0
c.If p=.01, Accept H0If p.01, Reject H0
d.If p.01, Accept H0If p=.01, Reject H0
Explanation / Answer
Option-B) If p.01, Accept H0 If p<.01, Reject H0