It has been reported that 10.3% of U.S. households do not own a vehicle, with 34.2% owning
Question:
It has been reported that 10.3% of U.S. households do not own a vehicle, with 34.2% owning 1 vehicle, 38.4% owning 2 vehicles, and 17.1% owning 3 or more vehicles. The data for a random sample of 100 households in a resort community are summarized in the frequency distribution below. At the 0.05 level of significance, can we reject the possibility that the vehicle-ownership distribution in this community differs from that of the nation as a whole?
Number of Number of
Vehicles Owned Households
0..................................................... 20
1..................................................... 35
2..................................................... 23
3 or more........................................2_2
100
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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