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? a. Calculate the test statistic,χ2. χ2= (Round to three decimal places as needed.) b. Calculate the P-value. P-value= (Round to four decimal places as needed.)
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? a. Calculate the test statistic,χ2. χ2= (Round to three decimal places as needed.) b. Calculate the P-value. P-value= (Round to four decimal places as needed.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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?
a. Calculate the test statistic,χ2.
χ2=
(Round to three decimal places as needed.)
b. Calculate the P-value.
P-value=
(Round to four decimal places as needed.)
Transcribed Image Text:Post Position
Wins
1
20
2
15
3
10
4
16
5
14
6
79
8
12
96
10
12
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