Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help please The table below lists the frequency of wins for different post positions in a horse race A post position of 1 is closest

Help please

image text in transcribed
The table below lists the frequency of wins for different post positions in a horse race A post position of 1 is closest to the inside rail, so that horse has the shortest distance to run, (Because the number of horses varies from year to year, only the first 10 post positions are included.) Use a 0.05 significance level to test the claim that the likelihood of winning is the same for the different post positions. Based on the result, should bettors consider the post position of a horse race? Post Position 10 N CO Wins 20 13 10 15 14 11 SAIno AIn URIn SWIM In AQUAnhanI WalAuIn R SPU uonIsod Isnd Aun ISRaI WILL Calculate the test statistic, x x2 = (Round to three decimal places as needed.) Calculate the P-value. P-value = (Round to four decimal places as needed.) What is the conclusion for this hypothesis test? A. Fail to reject Ho There is sufficient evidence to warrant rejection of the claim that the likelihood of winning is the same for the different post positions. O B. Reject Ho. There is sufficient evidence to warrant rejection of the claim that the likelihood of winning is the same for the different post positions. O C. Reject Ho There is insufficient evidence to warrant rejection of the claim that the likelihood of winning is the same for the different post positions O D. Fail to reject Ho. There is insufficient evidence to warrant rejection of the claim that the likelihood of winning is the same for the different post positions Based on the result, should bettors consider the post position of a horse race? No O Yes Next MacBook Pro

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

Differential Equations For Engineers

Authors: Wei Chau Xie

1st Edition

0511771037, 9780511771033

More Books

Students also viewed these Mathematics questions

Question

Recognize and describe the steps in the recruiting process

Answered: 1 week ago

Question

Appreciate the contribution made by a positions incumbent

Answered: 1 week ago

Question

Know how to conduct a position analysis

Answered: 1 week ago