Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Conduct the hypothesis test and provide the test statistic and the critical value, and state the conclusion. A person randomly selected 100 checks and

image text in transcribed

Conduct the hypothesis test and provide the test statistic and the critical value, and state the conclusion. A person randomly selected 100 checks and recorded the cents portions of those checks. The table below lists those cents portions categorized according to the indicated values. Use a 0.10 significance level to test the claim that the four categories are equally likely. The person expected that many checks for whole dollar amounts would result in a disproportionately high frequency for the first category, but do the results support that expectation? Cents portion of check Number 0-24 52 25-49 50-74 22 12 75-99 14 Click here to view the chi-square distribution table. The test statistic is (Round to three decimal places as needed.) The critical value is (Round to three decimal places as needed.) State the conclusion. Ho. There sufficient evidence to warrant rejection of the claim that the four categories are equally likely. The results to support the expectation that the frequency for the first category is disproportionately high.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forecasting Time Series And Regression

Authors: Bruce L. Bowerman, Richard O'Connell, Anne Koehler

4th Edition

0534409776, 9780534409777

More Books

Students also viewed these Mathematics questions