Question

At a 0.01 significance level, what is the conclusion of the hypothesis test regarding the claim that most medical malpractice lawsuits are dropped or dismissed using the P-value Approach?

A) Reject the claim
B) Fail to reject the claim
C) Insufficient information provided
D) Claim cannot be tested with the given data

Answer 1

The correct conclusion is 'Insufficient information provided' because the p-value is not given, which is necessary to determine if we should reject or fail to reject the null hypothesis at a significance level of 0.01.

Step-by-step explanation:

To determine the conclusion of the hypothesis test regarding the claim that most medical malpractice lawsuits are dropped or dismissed, we must use the given significance level and the p-value approach. However, the question does not provide the actual p-value needed for this assessment. Without this crucial piece of information, we cannot determine whether to reject or fail to reject the claim. Generally, if the p-value is less than the significance level (0.01 in this case), we reject the null hypothesis and accept the alternative hypothesis. Conversely, if the p-value is greater than the significance level, we fail to reject the null hypothesis.

In this scenario, the correct conclusion is C) Insufficient information provided because the p-value is not given. To complete the hypothesis test and draw a conclusion, we need to know the p-value and compare it with the significance level of 0.01.