Use a 0.05 significance level to test the claim that the four categories are equally likely. The person expected that many checks for whole dollar amounts would result in a disproportionately high frequency for the first category, but do the results support that expectation?
Use a 0.05 significance level to test the claim that the four categories are equally likely. The person expected that many checks for whole dollar amounts would result in a disproportionately high frequency for the first category, but do the results support that expectation?
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
Conduct the hypothesis test and provide the test statistic and the critical value, and state the conclusion.
A person randomly selected
100
checks and recorded the cents portions of those checks. The table below lists those cents portions categorized according to the indicated values. Use a
0.05
significance level to test the claim that the four categories are equally likely. The person expected that many checks for whole dollar amounts would result in a disproportionately high frequency for the first category, but do the results support that expectation?
Cents portion of check
|
0-24
|
25-49
|
50-74
|
75-99
|
|
---|---|---|---|---|---|
Number
|
35
|
21
|
19
|
25
|
|
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