Select the correct answer below: Reject H0. At the 1% significance level, the test results are not statistically significant and at best, provide weak evidence against the null hypothesis. Reject H0....

Select the correct answer below:

Reject H0. At the 1% significance level, the test results are not statistically significant and at best, provide weak evidence against the null hypothesis.

Reject H0. At the 1% significance level, the data provide sufficient evidence to conclude that the mean yearly new customers is more than 163 people.

Do not reject H0. At the 1% significance level, the test results are not statistically significant and at best, provide weak evidence against the null hypothesis.

Do not reject H0. At the 1% significance level, the data provide sufficient evidence to conclude that the mean yearly new customers is more than 163 people.

Floretta, a gym owner, claims that her yearly new customers are more than 163 people, on average. Several of her friends<br>do not believe her, so she decides to do a hypothesis test, at a 1% significance level, to persuade them. She collects data<br>from 25 previous years and works through the testing procedure:<br>167<br>·α = 0.01 (significance level)<br>The test statistic is<br>167 163<br>- 1.82<br>The critical value is z0.o1<br>2.33.<br>Conclude whether to reject or not reject Ho, and interpret the results.<br>

Extracted text: Floretta, a gym owner, claims that her yearly new customers are more than 163 people, on average. Several of her friends do not believe her, so she decides to do a hypothesis test, at a 1% significance level, to persuade them. She collects data from 25 previous years and works through the testing procedure: 167 ·α = 0.01 (significance level) The test statistic is 167 163 - 1.82 The critical value is z0.o1 2.33. Conclude whether to reject or not reject Ho, and interpret the results.

Jun 01, 2022

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Select the correct answer below: Reject H0. At the 1% significance level, the test results are not statistically significant and at best, provide weak evidence against the null hypothesis. Reject H0....

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