(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? 1 2 3 4 Post Position 5 6 7 8 9 10 20 13 10 Wins 14 14 7 9 11 4 11 Determine the null and alternative hypotheses. Ho: H₁: Calculate the test statistic, x². 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? of the claim that the likelihood of ning is the same for the different post positions. O A. Reject Ho. There is insufficient evidence to warrant OB. 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.. OC. 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. OD. 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. Based on the result, should bettors consider the post position of a horse race? O No Yes 0
(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? 1 2 3 4 Post Position 5 6 7 8 9 10 20 13 10 Wins 14 14 7 9 11 4 11 Determine the null and alternative hypotheses. Ho: H₁: Calculate the test statistic, x². 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? of the claim that the likelihood of ning is the same for the different post positions. O A. Reject Ho. There is insufficient evidence to warrant OB. 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.. OC. 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. OD. 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. Based on the result, should bettors consider the post position of a horse race? O No Yes 0
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Transcribed Image Text: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?
1
2
3
4
6
9
10
Post Position
Wins
5
14
20
13
10
14
4
11
11
Determine the null and alternative hypotheses.
Ho:
H₁:
Calculate the test statistic, x².
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?
O A. 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 B. 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..
C. 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.
O D. 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.
Based on the result, should bettors consider the post position of a horse race?
No
Yes
19
7
69
7
8
ܣ
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman