For Problems 516, please provide the following information. (a) What is the level of significance? State the
Question:
For Problems 5–16, please provide the following information.
(a) What is the level of significance? State the null and alternate hypotheses.
(b) Find the value of the chi-square statistic for the sample. Are all the expected frequencies greater than 5? What sampling distribution will you use? What are the degrees of freedom?
(c) Find or estimate the P-value of the sample test statistic.
(d) Based on your answers in parts (a) to (c), will you reject or fail to reject the null hypothesis that the population fits the specified distribution of categories?
(e) Interpret your conclusion in the context of the application.
Snoop Incorporated is a firm that does market surveys. The Rollum Sound Company hired Snoop to study the age distribution of people who stream music. To check the Snoop report, Rollum used a random sample of 519 customers and obtained the following data:
Using a 1% level of significance, test the claim that the distribution of customer ages in the Snoop report agrees with that of the sample report?
DistributionThe 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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Understandable Statistics Concepts And Methods
ISBN: 9781337119917
12th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase