Manchester Partners International claims that 60% of the banking executives who lose their job stay in banking,
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Manchester Partners International claims that 60% of the banking executives who lose their job stay in banking, whereas 40% leave banking. Suppose 40 people who have lost their job as a banking executive are contacted and are asked whether they are still in banking. The results follow. Test to determine whether this sample appears to be random on the basis of the sequence of those who have left banking and those who have not. Let L denote left banking and S denote stayed in banking. Let a = .05.
S S L S L L S S S S S L S S L L L S S L
L L L S S L S S S S S S L L S L S S L S
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N 40 n 1 24 n 2 16 a 05 Use the large sample runs test since both n 1 n 2 are not less than ...View the full answer
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Related Book For 
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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