I just need help with the last part.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
100%

I just need help with the last part.

expected frequency for category i, and k is the number of categories. The appropriate x has k - 1 degrees of
freedom.
x? =
i = 1
e;
The observed and expected frequencies are summarized in the table below.
Squared Difference Divided
by Expected Frequency
(f, - e)
Observed
Expected
Frequency
Squared
Difference
Difference
Category
Frequency
fj- eij
eij
(-60)2
3,600
20 - 80 =
3,600
A
20
80
45
45
-60
80
400
B
100
80
20
A 400
5 V
5
40
80
40
1,600
40
40
The sum of the final column will be the x test statistic. Thus, the test statistic is x = 90
90
There are k = 3 categories, so the degrees of freedom is k - 1 = 2
Step 3
This type of test will always be an upper tail test. Use technology to find the p-value for x? = 90 with 2
degrees of freedom, rounding the result to four decimal places.
p-value =
Submit
Skip (you cannot come back)
Transcribed Image Text:expected frequency for category i, and k is the number of categories. The appropriate x has k - 1 degrees of freedom. x? = i = 1 e; The observed and expected frequencies are summarized in the table below. Squared Difference Divided by Expected Frequency (f, - e) Observed Expected Frequency Squared Difference Difference Category Frequency fj- eij eij (-60)2 3,600 20 - 80 = 3,600 A 20 80 45 45 -60 80 400 B 100 80 20 A 400 5 V 5 40 80 40 1,600 40 40 The sum of the final column will be the x test statistic. Thus, the test statistic is x = 90 90 There are k = 3 categories, so the degrees of freedom is k - 1 = 2 Step 3 This type of test will always be an upper tail test. Use technology to find the p-value for x? = 90 with 2 degrees of freedom, rounding the result to four decimal places. p-value = Submit Skip (you cannot come back)
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Government Policy
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education