A random sample of 150 new car buyers who purchased Ford, General Motors (GM), and Chrysler models
Question:
A random sample of 150 new car buyers who purchased Ford, General Motors (GM), and Chrysler models was selected, and their ages were recorded. The following table shows these data:
a. Using α = 0.05, perform a chi-square test to determine if the age of the buyer and the car brand he or she purchased are independent of one another.
b. What conclusions can be made based on your results?
c. Determine the p-value using Excel and interpret its meaning.
d. Verify your results using p-value.
Transcribed Image Text:
GM Chrysler Age 20-29 30-39 40-49 50-59 Ford 23 15 15 16 24 10
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (21 reviews)
a H 0 The age of the buyer and the car brand are indep...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
If we select a random sample of data for two variables and, after computing the correlation coefficient, conclude that the two variables may have zero correlation, can we say that there is no...
-
Data were collected from a random sample of 220 home sales from a community in 2003. Let Price denote the selling price (in $1000), BDR denote the number of bedrooms, Bath denote the number of...
-
A market research firm gathered a random sample of 150 customers. The firm randomly assigned 50 of these to rate the current product and assigned 50 each to rate new versions of the product. The firm...
-
A 0.250-H inductor carries a time-varying current given by the expression i = (l24 mA) cos [(240 /s) t]. (a) Find an expression for the induced emf as a function of time. Graph the current and...
-
Avioco Limited has two branches located in Hong Kong and Australia, each of which manufactures goods primarily for export to countries in the Asia-Pacific region. The corporate income tax rate in...
-
(a) Use six rectangles to find estimates of each type for the area under the given graph of f from x = 0 to x = 12. (i) L6 (sample points are left endpoints) (ii) R6 (sample points are right...
-
Statistical significance. A study, mandated by Congress when it passed No Child Left Behind in 2002, evaluated 15 reading and math software products used by 9424 students in 132 schools across the...
-
Michelle Gutierrez, manager of the Components Division of FX Corporation, is considering a new investment for her division. The division has an investment base of $4,000,000 and operating income of...
-
Assuming a tax rate of 50%, the after-tax cost of a $200,000 dividend payment is A. $200,000 B. $100,000 C. $-100,000 D. none of the above.
-
Westland Manufacturing spends $20,000 to update the lighting in its factory to more energy-efficient LED fixtures. This will save the company $4,000 per year in electricity costs. The company...
-
A political poll asked potential voters if they felt the economy was going to get worse, stay the same, or get better during the next 12 months. The party affiliations of the respondents were also...
-
Suppose that General Motors gathers from its dealers information about the percentage of new cars that require warranty work during the first year following their sale. Based on these data, GM then...
-
Brandon Company uses normal costing in its job-costing system. The company produces custom bikes for toddlers. The beginning balances (December 1) and ending balances (as of December 30) in their...
-
Solve the following linear system by Gaussian elimination with back-substitution without introducing fractions in your row-reduction. If there is no solution, explain why. -3x+8y + 82 = -8 -2x+ y -...
-
Introduction Some predictions are a slam dunk. Retail will continue to be driven by technology. Science fiction is coming to life in the form of robotics and virtual reality. And the Internet will...
-
Oswego Clay Pipe Company provides services of $ 5 0 , 0 0 0 to Southeast Water District # 4 5 on April 1 2 of the current year with terms 1 / 1 5 , n / 6 0 . What would Oswego record on April 1 2 ?...
-
Assume the following excerpts from a company's balance sheet: Property, plant, and equipment Beginning Balance $3,500,000 Ending Balance $3,700,000 $1,100,000 $800,000 Long-term investments During...
-
On January 1, 2021, Bonita Corp. had472,000shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000shares...
-
The landing gear of an airplane can be idealized as the spring-mass-damper system shown in Fig. 3.52 [3.16]. If the runway surface is described \(y(t)=y_{0} \cos \omega t\), determine the values of...
-
Sportique Boutique reported the following financial data for 2012 and 2011. Instructions(a) Calculate the current ratio for Sportique Boutique for 2012 and 2011.(b) Suppose that at the end of 2012,...
-
The Bureau of Labor Statistics reported that 64.5 million women and 74.6 million men were employed. Of the women, 25.8 million had management jobs, and of the men, 25.0 million had management jobs....
-
Consider a regression model for per capita income y. The explanatory variables consist of the percentage of the population in the United States that is (a) without a high school diploma x1, (b)...
-
George believes that returns of mutual funds are influenced by annual turnover rates and annual expense ratios. In order to substantiate his claim, he randomly selects eight mutual funds and collects...
-
A government researcher examines the factors that influence a citys crime rate. For 41 cities, she collects the crime rate (crimes per 100,000 residents), the poverty rate (in %), the median income...
-
If John invested $20,000 in a stock paying annual qualifying dividends equal to 4% of his investment, what would the value of his investment be 5 years from now? Assume Johns marginal ordinary tax...
-
help asap please!
-
Please, help asap! I have one day. Feedback will be given. & show some work. [in Excel] For the final project you will need you to create a spreadsheet /proforma of the cash flows from a property....
Study smarter with the SolutionInn App