A certain crowd-funding website reported that 124 of 340 technology crowd-fundin

Question

A certain crowd-funding website reported that 124 of 340 technology crowd-funding projects were successfully launched in the past year and 340 of 871 film and video crowd-funding projects were successfully launched in the past year.

Determine the p-value and interpret its meaning

The probability of obtaining a difference in proportions that give rise to a test statistic(scroll down 1) the (scroll down 2) is equal to the p-value of .407 if there is no difference between the population proportions of successful technology crowd-funding projects and successful film and video crowd-funding projects.

scroll down 1: less than or equal to, more extreme or equal to, contained in the interval between, and greater than or equal to

scroll down 2: test statistic and its negative, test statistic, and negative test statistic

Explanation / Answer

Ans:

Given that

z statistic=-0.83

p-value(2 tailed)=2*P(z<-0.83)=0.407

Correct options are:

more extreme or equal to,test statistic and its negative

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