The pie chart shows the distribution of how much married U.S. male adults trust their spouses to
Question:
The pie chart shows the distribution of how much married U.S. male adults trust their spouses to manage their finances. A financial services company claims that the distribution of how much married U.S. female adults trust their spouses to manage their finances is the same as the distribution for married U.S. male adults. To test this claim, you randomly select 400 married U.S. female adults and ask each how much she trusts her spouse to manage their finances. The table shows the results. At α = 0.10, test the company’s claim.
(a) Identify the expected distribution and state H0 and Ha,
(b) Find the critical value and identify the rejection region,
(c) Find the chi-square test statistic,
(d) Decide whether to reject or fail to reject the null hypothesis,
(e) Interpret the decision in the context of the original claim.
DistributionThe 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...
Step by Step Answer:
Elementary Statistics Picturing The World
ISBN: 9780321911216
6th Edition
Authors: Ron Larson, Betsy Farber