A financial analyst claims that 19% make all purchases with cash, 17% make most purchases with cash, 20% make half of purchases with cash, 33% make some purchases with cash and 11% make no purchases with cash. You take a random selection to see if you can conclude that the distribution is different than what the financial analyst claims. Use a 1% significance to decide and round to the fourth. Observed Expected Categories Frequency Frequency All Cash 24 Most Cash 85 Half Cash 99 Some Cash 160 No Cash 104 Test Statistic: Degrees of Freedom: p-val: Decision Rule: Select an answer Did something significant happen? Select an answer There Select an answer v enough evidence to conclude Select an answer

A financial analyst claims that 19% make all purchases with cash, 17% make most purchases with cash, 20% make half of purchases with cash, 33% make some purchases with cash and 11% make no purchases with cash. You take a random selection to see if you can conclude that the distribution is different than what the financial analyst claims. Use a 1% significance to decide and round to the fourth. Observed Expected Categories Frequency Frequency All Cash 24 Most Cash 85 Half Cash 99 Some Cash 160 No Cash 104 Test Statistic: Degrees of Freedom: p-val: Decision Rule: Select an answer Did something significant happen? Select an answer There Select an answer v enough evidence to conclude Select an answer

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.4: Collecting Data

Problem 6E

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