A survey of the wine market has shown that the preferred wine for 17% of those surveyed is merlot. A merlot wine producer believes the figure is higher. A random sample of 550 adults was asked which wine they preferred. Suppose 115 replied that merlot was their wine preference.
-The p-value associated with the test statistic is _____.
A).0146
B).0122
C).0073
D).1335
E).0244

Question

Quizplus · Accepted Answer

The p-value associated with the test statistic is 0.0073, which is less than the commonly used significance level of 0.05. Therefore, we reject the null hypothesis and can conclude that there is sufficient evidence to suggest that the mean cost per person per day is less than $55.

A Survey of the Wine Market Has Shown That the Preferred