Question

In: Statistics and Probability

A recent market study produced the following data on annual income level by market area: Annual...

A recent market study produced the following data on annual income level by market area:

Annual Income Level

Area A

Area B

TOTAL

Up to 50K

1250

2350

3600

50K-80K

1460

1540

3000

Over 80K

265

385

650

TOTAL

2975

4275

7250

1.   State the null and alternative hypotheses for a Chi Square test to determine whether annual income level is dependent of market area. (2 Points)

2.   State the rejection rule using the critical value approach. Let alpha = 0.05. (2 Points)

3.   Calculate the expected frequency for the cell “Over 80K” and “Area B” (2 Points)

4.   If the Chi Square statistic is 131.524, what is your conclusion? (2 Points)

Show all steps please

Solutions

Expert Solution


Related Solutions

Please Convert yearly data to quarterly data on excel Income Level Canada United States Year Annual...
Please Convert yearly data to quarterly data on excel Income Level Canada United States Year Annual Annual 2000 22750 59938 2001 23110 58609 2002 23580 57947 2003 25480 57875 2004 29530 57674 2005 34300 58291 2006 37890 58746 2007 41530 59534 2008 44930 57412 2009 43220 57010 2010 44480 55520 2011 47180 54673 2012 51080 54569 2013 52800 56479 2014 52190 55613 2015 47580 58476 2016 43940 60309 2017 43000 2018 44860
An SRS produced the following data. Is browser choice and grade level independent? The responses were...
An SRS produced the following data. Is browser choice and grade level independent? The responses were categorized below. Test at the .05 significance level. (α = .05) Safari Firefox Chrome Freshmen 20 25 40 Sophomore 40 30 30 Junior 50 25 50 Senior 90 20 75 What is your conclusion in plain English? a) There is not enough evidence to suggest that browser choice and grade level are dependent. b) Evidence suggests that browser choice and grade level are independent....
A study of the population average income in a certain area was conducted. A sample of...
A study of the population average income in a certain area was conducted. A sample of 25 households was selected at random for a poll. The sample based average annual income was found as (X-bar) = $53,600, with the sample standard deviation found as (S = $12,000). Assume that individual records are normally distributed with an unknown population standard deviation. Estimate the population average income with the 99% confidence. Answer all questions below. Critical Value = Margin of Error =...
Based on a recent​ study, the pH level of the arterial cord​ (one vessel in the...
Based on a recent​ study, the pH level of the arterial cord​ (one vessel in the umbilical​ cord) is normally distributed with mean 7.32 and standard deviation of 0.11 Find the percentage of preterm infants who have the following arterial cord pH levels. a. pH levels between 7.00 and 7.50 b. pH levels over 7.40?
The following data is a random sample of annual lightnight deaths from recent years use this...
The following data is a random sample of annual lightnight deaths from recent years use this data with a 0.01 significance level to test the claim that the mean number of annual lightning deaths is less than the mean of 72.6 deaths from the 1980's. if the mean is now lower than in the past, identify on the serval factors that could explain the decline Data from 14 recent and consecutive years. Data: 51, 44, 51, 43, 32, 38, 48,...
You have the following data on (1) the average annual returns of the market for the...
You have the following data on (1) the average annual returns of the market for the past 5 years and (2) similar information on Stocks A and B. Which of the possible answers best describes the historical betas for A and B? Years Market Stock A Stock B 1 0.03 0.16 0.05 2 ?0.05 0.20 0.05 3 0.01 0.18 0.05 4 ?0.10 0.25 0.05 5 0.06 0.14 0.05 ? bA > 0; bB = 1. bA > +1; bB =...
The following data resulted from a study taken on a horizontal milling machine: Pieces produced per...
The following data resulted from a study taken on a horizontal milling machine: Pieces produced per cycle: 8. Average measured cycle time: 8.36 minutes. Average measured effort time per cycle: 4.62 minutes. Average rapid traverse time: 0.08 minutes. Average cutting time power feed: 3.66 minutes. Performance rating: 115 percent. Allowance (machine time): 10 percent. Allowance (manual time): 15 percent. The operator works on the job a full eight-hour day and produces 380 pieces. How many standard hours does the operator...
The following data were adapted from a recent income statement of Procter & Gamble Company: (in...
The following data were adapted from a recent income statement of Procter & Gamble Company: (in millions) Sales $83,062 Operating costs: Cost of products sold $42,460 Marketing, administrative, and other expenses 25,314 Total operating costs $67,774 Income from operations $15,288 Assume that the variable amount of each category of operating costs is as follows: (in millions) Cost of products sold $23,778 Marketing, administrative, and other expenses 10,125 a. Based on the data given, prepare a variable costing income statement for...
During the most recent year, Boston (PTY) Ltd has produced the following data: Beginning inventory Units...
During the most recent year, Boston (PTY) Ltd has produced the following data: Beginning inventory Units produced 15 400 Units sold (R125 per unit) 8 200 Variable costs per unit: Direct materials R13 Direct Labor R16 Variable Overheads R8 Fixed Costs Fixed overhead per unit produced R23 Fixed selling and administrative R18 500 Required: 1. How many units are in ending inventory 2. Using absorption costing, calculate the per unit -product cost. What is the value of ending inventory? 3....
1. The following data were included in a recent Papaya Inc. annual report (in millions): 2013...
1. The following data were included in a recent Papaya Inc. annual report (in millions): 2013 2014 2015 2016 Net revenue $ 79,225 $ 131,559 $ 183,500 $ 191,920 Net property, plant, and equipment 4,930 9,080 15,590 16,200 Required: Compute Papaya's fixed asset turnover ratio for 2014, 2015, and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) During 2016, Mellow reported a fixed asset turnover ratio of 9.9. Was Papaya's turnover better or worse than...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT