Final answer:
The correct weighted estimate, p, needed to test the claim that p₁ > p₂ with a significance level of 0.01 using the given sample statistics is option A (0.367).
Step-by-step explanation:
The student is asking for the weighted estimate, p, to test the hypothesis that the proportion p₁ is greater than p₂ using given sample statistics. The significance level (α) for the test is 0.01. To find the weighted estimate, firstly, we calculate the sample proportions π₁ = x₁/n₁ = 38/100 and π₂ = x₂/n₂ = 50/140. Then, we find the weighted proportion using the formula: π_w = (x₁ + x₂) / (n₁ + n₂). By substituting the given values, we get π_w = (38 + 50) / (100 + 140) = 88/240.
Upon calculation, π_w = 0.3667, which rounds to approximately 0.367. This result corresponds to option A. So, option A (0.367) is the correct weighted estimate, p, for testing the hypothesis that p₁ is greater than p₂ at the 0.01 significance level.