Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Homework: HW 8 Question 14, *11.1.21-T HW Score: 61.98%, 52.68 of 85 points Part 2 of 4 Points: 1.43 of 5 Save An investigator analyzed
Homework: HW 8 Question 14, *11.1.21-T HW Score: 61.98%, 52.68 of 85 points Part 2 of 4 Points: 1.43 of 5 Save An investigator analyzed the leading digits from 762 checks issued by seven suspect companies. The frequencies were found to be 5, 11, 3, 79, 322, 310, 9, 15, and 8, and those digits correspond to the leading digits of 1, 2, 3, 4, 5, 6, 7, 8, and 9, respectively. If the observed frequencies are substantially different from the frequencies expected with Benford's law shown below, the check amounts appear to result from fraud. Use a 0.01 significance level to test for goodness-of-fit with Benford's law. Does it appear that the checks are the result of fraud? Leading Digit 2 4 5 6 8 9 Actual Frequency 5 11 3 79 322 310 9 15 8 Benford's Law: Distribution of Leading Digits 30.1% 17.6% 12.5% 9.7% 7.9% 6.7% 5.8% 5.1% 4.6% Determine the null and alternative hypotheses Ho: The leading digits are from a population that conforms to Benford's law. H1: At least one leading digit has a frequency that does not conform to Benford's law. Calculate the test statistic, x2. x2 =(Round to three decimal places as needed.)Homework: HW 8 Question 4, 10.1.15 HW Score: 61.98%, 52.68 of 85 points Part 3 of 6 Points: 1.11 of 5 Save A social service organization reports that the level of educational attainment of mothers receiving food stamps is uniformly distributed. To test this claim, you randomly select 97 mothers who currently receive food stamps and record the educational attainment of each. The results are shown in the table on Response Frequency, f the right. At
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started