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,chi squared chi squared equals (Round to three decimal places as needed.) b. Calculate the P-value. P-value equals (Round to four decimal places as needed.) c. should bettors consider the post position of a horse race? yes or no
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,chi squared chi squared equals (Round to three decimal places as needed.) b. Calculate the P-value. P-value equals (Round to four decimal places as needed.) c. should bettors consider the post position of a horse race? yes or no
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,chi squared
chi squared equals
(Round to three decimal places as needed.)
b. Calculate the P-value.
P-value equals (Round to four decimal places as needed.)
c. should bettors consider the post position of a horse race? yes or no
Transcribed Image Text:8
9.
10
1
4
Post Position
12
4
10
16
13
Wins
19
N 00
O CO
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