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A standard roulette wheel with slots labeled 0, 00, 1, 2, 3, … , 36 is spun 60 times. Of these spins, the number 7 is spun 7 times. Assuming the wheel is fair, the probability of this occurring by chance is 0.00001. Do these results have statistical significance at the 0.01 level of significance?

Respuesta :

Since the p-value of the test is of 0.00001 < 0.01, these results have statistical significance.

What is the relation between the p-value and the conclusion of the test hypothesis?

Depends on if the p-value is less or more than the significance level:

  • If it is more, the null hypothesis is not rejected, which means that the results do not have statistical significance.
  • If it is less, it is rejected, which means that the results have statistical significance.

In this problem, the probability is the p-value, hence since the p-value of the test is of 0.00001 < 0.01, these results have statistical significance.

More can be learned about p-values at https://brainly.com/question/13873630

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