Question

In: Statistics and Probability

The table below lists the frequency of wins for different post positions in a horse race....

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?

Post_Position   Wins
1   19
2   15
3   11
4   14
5   14
6   8
7   7
8   13
9   5
10   12

Determine the null and alternative hypotheses.

Upper H 0H0​:

At least one post position has a different frequency of wins than the others.

Wins occur with all different frequency in the different post positions.

Wins occur with equal frequency in the different post positions.

At least one post positions have a different frequency of wins than the others.

Upper H 1H1​:

At least one post positions have a different frequency of wins than the others.

At least one post position has a different frequency of wins than the others.

Wins occur with all different frequency in the different post positions.

Wins occur with equal frequency in the different post positions.

Calculate the test​ statistic,

chi squaredχ2.

chi squaredχ2equals=nothing

​(Round to three decimal places as​ needed.)

Calculate the​ P-value.

​P-valueequals=nothing

​(Round to four decimal places as​ needed.)

What is the conclusion for this hypothesis​ test?

A.

RejectReject

Upper H 0H0.

There is

sufficientsufficient

evidence to warrant rejection of the claim that the likelihood of winning is the same for the different post positions.

B.

Fail to rejectFail to reject

Upper H 0H0.

There is

sufficientsufficient

evidence to warrant rejection of the claim that the likelihood of winning is the same for the different post positions..

C.

Fail to rejectFail to reject

Upper H 0H0.

There is

insufficientinsufficient

evidence to warrant rejection of the claim that the likelihood of winning is the same for the different post positions.

D.

RejectReject

Upper H 0H0.

There is

insufficientinsufficient

evidence to warrant rejection of 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?

NoNo

YesYes

Click to select your answer(s).

Solutions

Expert Solution

Category Observed Frequency (O) Expected Frequency (E) (O-E)²/E
1 19 118 * 0.1 = 11.8 (19 - 11.8)²/11.8 = 4.3932
2 15 118 * 0.1 = 11.8 (15 - 11.8)²/11.8 = 0.8678
3 11 118 * 0.1 = 11.8 (11 - 11.8)²/11.8 = 0.0542
4 14 118 * 0.1 = 11.8 (14 - 11.8)²/11.8 = 0.4102
5 14 118 * 0.1 = 11.8 (14 - 11.8)²/11.8 = 0.4102
6 8 118 * 0.1 = 11.8 (8 - 11.8)²/11.8 = 1.2237
7 7 118 * 0.1 = 11.8 (7 - 11.8)²/11.8 = 1.9525
8 13 118 * 0.1 = 11.8 (13 - 11.8)²/11.8 = 0.122
9 5 118 * 0.1 = 11.8 (5 - 11.8)²/11.8 = 3.9186
10 12 118 * 0.1 = 11.8 (12 - 11.8)²/11.8 = 0.0034
Total 118 118 13.356

Null and alternative hypotheses.

H0​: Wins occur with equal frequency in the different post positions.

H1​: At least one post position has a different frequency of wins than the others.

Test statistic:

χ² = ∑ ((fo-fe)²/fe) = 13.356

df = n-1 = 9

p-value:

p-value = CHISQ.DIST.RT(13.3559, 9) = 0.1472

Conclusion:

Answer C. Fail to reject H0. There is insufficient evidence to warrant rejection of 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?

No


Related Solutions

The table below lists the frequency of wins for different post positions through 2018 for the...
The table below lists the frequency of wins for different post positions through 2018 for the Kentucky Derby. A post position of 1 is the closest to the rail and indicates the shortest distance to run. Derby attendees are concerned the rail position may provide an unfair advantage. Use alpha 0.05 to test the claim the likelihood of winning is the same for each of the different post positions. Post Position 1 2 3 4 5 6 7 8 9...
Refer to the table below, which lists the U.S. federal income tax rates for the different...
Refer to the table below, which lists the U.S. federal income tax rates for the different income brackets. If the highest point on the Laffer curve corresponds to a tax rate of 30%, then which of the following statements must be false? Taxable income brackets Tax rate 1 10% 2 15% 3 25% 4 28% 5 33% 6 35% A) Increasing tax rates across all income tax brackets will cause a greater impact on tax revenue per return for the...
The frequency distribution shown in the following table lists the number of hours per day a...
The frequency distribution shown in the following table lists the number of hours per day a randomly selected sample of teenagers spent watching television. Where possible, determine what percent of the teenagers spent the following number of hours watching television. (Round your answers to one decimal place. If not possible, enter IMPOSSIBLE.) Hours per day Number of Teenagers 0 ≤ x < 1 17 1 ≤ x < 2 31 2 ≤ x < 3 24 3 ≤ x <...
The table below lists the prices and quantities consumed of three different goods from 2014−2016. 2014...
The table below lists the prices and quantities consumed of three different goods from 2014−2016. 2014 2015 2016 Good Price ($) Quantity Price ($) Quantity Price ($) Quantity A 12 8 16 6 18 5 B 5 18 3 30 4 25 C 1 10 2 5 5 10 a. For 2014, 2015, and 2016, determine the amount that a typical consumer pays each year to purchase the quantities listed in the table above. Instructions: Round your answers to the...
Exercise 1. Defense and wins. The data in the table below shows the wining percentage and...
Exercise 1. Defense and wins. The data in the table below shows the wining percentage and the yards per game allowed in the 2014-15 season for a random sampling of teams. At α = 0.05, can you support the claim that there is a correlation between the winning percentage and the yards allowed? Team Winning percentage Total yards Baltimore Ravens 0.625 336.9 Cleveland Browns 0.438 366.1 Denver Broncos 0.750 305.2 Jacksonville Jaguars 0.188 370.8 New England Patriots 0.750 344.1 Oakland...
Below is a data set presented in a Frequency Table Data Value Frequency Data value. Frequency...
Below is a data set presented in a Frequency Table Data Value Frequency Data value. Frequency    2 64 4 68 9 18 10 33 14 117 Find the following for the data set above: a.) Mode = b.) Median = c.) Mean = (Round to TWO decimal places)
The table below shows your stock positions at the beginning of the year, the dividends that...
The table below shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and the stock prices at the end of the year.   Company Shares Beginning of Year Price Dividend Per Share End of Year Price   Johnson Controls 650 $ 74.81 $ 1.55 $ 86.87   Medtronic 550 59.47 0.79 55.41   Direct TV 800 26.84 26.29   Qualcomm 500 44.98 0.58 40.82 What is your portfolio dollar return and percentage return? (Round your...
The table below shows your stock positions at the beginning of the year, the dividends that...
The table below shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and the stock prices at the end of the year.   Company Shares Beginning of Year Price Dividend per Share End of Year Price   Johnson Controls 300 $ 73.21 $ 1.23 $ 86.07   Medtronic 500 57.87 0.47 53.81   Direct TV 800 25.24 24.69   Qualcomm 300 43.38 0.42 39.22 What is your portfolio dollar return and percentage return? (Round your...
The table below shows your stock positions at the beginning of the year, the dividends that...
The table below shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and the stock prices at the end of the year. Company Shares Beginning of Year Price Dividend Per Share End of Year Price US Bank 600 $ 44.00 $ 2.11 $ 43.93 PepsiCo 500 59.58 1.26 63.05 JDS Uniphase 1,100 19.38 17.16 Duke Energy 500 27.70 1.31 33.46 What is your portfolio dollar return and percentage return?
The table below shows your stock positions at the beginning of the year, the dividends that...
The table below shows your stock positions at the beginning of the year, the dividends that each stock paid during the year, and the stock prices at the end of the year. Company Shares Beginning of Year Price Dividend Per Share End of Year Price Johnson Controls 250 $ 74.41 $ 1.47 $ 86.67 Medtronic 150 59.07 0.71 55.01 Direct TV 400 26.44 25.89 Qualcomm 100 44.58 0.54 40.42 What is your portfolio dollar return and percentage return? (Round your...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT