K 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 hors 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? Post Position Wins 1 20 20 68 54 45 32 27 15 12 15 14 82 12 96 120 Determine the null and alternative hypotheses. Ho H₁- Calculate the test statistic, X (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? OA. 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. OB. 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. 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.. Based on the result, should bettors consider the post position of a horse race? O No NO
K 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 hors 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? Post Position Wins 1 20 20 68 54 45 32 27 15 12 15 14 82 12 96 120 Determine the null and alternative hypotheses. Ho H₁- Calculate the test statistic, X (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? OA. 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. OB. 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. 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.. Based on the result, should bettors consider the post position of a horse race? O No NO
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 4SE: What is the difference between events and outcomes? Give an example of both using the sample space...
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Transcribed Image Text:K
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 hors
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?
Post Position
Wins
1
20
20
68
54
45
32
27
15
12
15
14
82
12
96
120
Determine the null and alternative hypotheses.
Ho
H₁-
Calculate the test statistic, X
(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?
OA. 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.
OB. 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. 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..
Based on the result, should bettors consider the post position of a horse race?
O
No
NO
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