Question

A local politician was interested in determining whether income level affects opinion regarding the%E2%80%8B government's bailout bill for easing the 2008 financial crisis on Wall Street. He surveyed a sample of his constituents and performed a%E2%80%8B Chi-square test. The resulting%E2%80%8B P-value was 0.024. At the 0.01 level of%E2%80%8B significance, he should conclude that%E2%80%8B _______.

Answer 1

there is no sufficient evidence to conclude that Income level affects opinion regarding government bailout

Explanation:

Null hypothesis ; H0 ; Income level does not affect opinion regarding government bailout

Claim H1: Income level affects opinion regarding government bailout

To make conclusion about a claim or hypothesis using the Pvalue and the significance α - level ;

Decision :

When the Pvalue < α ; we reject the Null, hH0 ; if otherwise, we fail to reject the Null, H0.

Pvalue = 0.024

α = 0.01

Since, Pvalue > α

0.024 > 0.01 ; We fail to reject H0

Hence, we can conclude that ; there is no sufficient evidence to conclude that Income level affects opinion regarding government bailout