A sample of employees at a large chemical plant was asked to indicate a preference for one of three pension plans. The results are given in the following table. Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the 0.01 significance level. Pension Plan Job Class Plan A Plan B Plan C Supervisor 10 13 29 Clerical 19 80 19 Labor 81 57 22 Click here for the Excel Data File State the decision rule. Use 0.01 significance level. (Round your answer to 3 decimal places.) Họ: Pension plan preference and job class are not related. Hị: Pension plan preference and job class are related. Reject HO if chi-square > Compute the value of chi-square. (Round your answer to 3 decimal places.) Chi-square What is your decision regarding H,? Reject HO. There is relationship between pension plan preference and job class. a
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
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