As reported in USA Today, about 8.9 million families sent students to college this year and more
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Where students live: Parents’ or guardian’s home...... 46%
Campus housing................. 26%
Off-campus rental................... 18%
Own off-campus housing............... 9%
Other arrangements................. 2%
A random sample of 1000 college students resulted in the following information: Parents’ or guardian’s home...... ... 484
Campus housing...... 230
Off-campus rental ...... 168
Own off-campus housing .... 96
Other arrangements ...... 22
Is the distribution of this sample significantly different from the distribution reported in the newspaper? Use a = 0.05 (To adjust for the rounding error, subtract 2 from each expected frequency.)
a. Solve using the p-value approach.
b. Solve using the classical approach.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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