A financial analyst claims that 19% make all purchases with cash, 17% make most purchases with cash, 20% make half of purchases with cash, 33% make some purchases with cash and 11% make no purchases with cash. You take a random selection to see if you can conclude that the distribution is different than what the financial analyst claims. Use a 1% significance to decide and round to the fourth. Observed Expected Categories Frequency Frequency All Cash 24 Most Cash 85 Half Cash 99 Some Cash 160 No Cash 104 Test Statistic: Degrees of Freedom: p-val: Decision Rule: Select an answer Did something significant happen? Select an answer There Select an answer v enough evidence to conclude Select an answer

A financial analyst claims that 19% make all purchases with cash, 17% make most purchases with cash, 20% make half of purchases with cash, 33% make some purchases with cash and 11% make no purchases with cash. You take a random selection to see if you can conclude that the distribution is different than what the financial analyst claims. Use a 1% significance to decide and round to the fourth. Observed Expected Categories Frequency Frequency All Cash 24 Most Cash 85 Half Cash 99 Some Cash 160 No Cash 104 Test Statistic: Degrees of Freedom: p-val: Decision Rule: Select an answer Did something significant happen? Select an answer There Select an answer v enough evidence to conclude Select an answer

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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