Question

In: Statistics and Probability

The last time that information on employees working at this bank was collected, the number of...

The last time that information on employees working at this bank was collected, the number of months of previous work experience was distributed such that 15% of employees had a less than 2 years of experience, 25% had between 2 and 5 years of experience, 20% had more than 5 years and up to 10 years of previous work experience, and 40% had more than 10 years of experience. Verify at a 0.05 level of significance if the current data presents the same distribution. What is your conclusion?

Current data (n=93): Number of years of experience

0,44,5,6,8,0,0,5,75,52,8,52,70,6,11,11,63,144,163,228,381,214,318,96,36,59,115,165,123,18,102,127,90,190,107,173,228,26,36,38,82,169,244,24,49,51,122,97,196,133,55,90,117,51,61,241,121,79,209,87,231,12,14,180,315,29,7,38,113,18,359,36,320,24,32,49,56,252,272,25,36,56,64,108,46,72,64,84,216,42,175,132,55

Solutions

Expert Solution

Category Observed Frequency (O) Proportion, p Expected Frequency (E) (O-E)²/E
Less than 2 years(i 16 0.15 93 * 0.15 = 13.95 (16 - 13.95)²/13.95 = 0.3013
2 - 5 years 26 0.25 93 * 0.25 = 23.25 (26 - 23.25)²/23.25 = 0.3253
5 - 10 years 21 0.2 93 * 0.2 = 18.6 (21 - 18.6)²/18.6 = 0.3097
More than 10 years 30 0.4 93 * 0.4 = 37.2 (30 - 37.2)²/37.2 = 1.3935
Total 93 1.00 93 2.3297

Null and Alternative hypothesis:  
Ho: Proportions are same.  
H1: Proportions are different.  
Test statistic:  
χ² = ∑ ((O-E)²/E) = 2.3297
df = n-1 = 3
Critical value:  
χ²α = CHISQ.INV.RT(0.05, 3) = 7.8147  
p-value:  
p-value = CHISQ.DIST.RT(2.3297, 3) = 0.5068  
Decision:  
p-value > α, Do not reject the null hypothesis  
There is not enough evidence to reject the claim that the current data presents the same distribution at 0.05 significance level.


Related Solutions

The last time that information on employees working at this bank was collected, the number of...
The last time that information on employees working at this bank was collected, the number of months of previous work experience was distributed such that 15% of employees had a less than 2 years of experience, 25% had between 2 and 5 years of experience, 20% had more than 5 years and up to 10 years of previous work experience, and 40% had more than 10 years of experience. Verify at a 0.05 level of significance if the current data...
Two of your employees, Chelsea and Vivian have been working full-time for you since last year....
Two of your employees, Chelsea and Vivian have been working full-time for you since last year. Chelsea is about to start a family and Vivian will be going back to school part-time in the Fall for her accounting degree. Both of them have told you that they need to reduce their working hours, but would like to keep their jobs. Your business is very steady and so you know that you need two full-time staff to be working. You have...
Danisco Manufacturing consists of 85 full-time employees and 25 part-time employeess. The full-time employees' working hours...
Danisco Manufacturing consists of 85 full-time employees and 25 part-time employeess. The full-time employees' working hours are 8-hour per day, 5 days per weel in a year. The total overtime worked by the full-time employee is 2900 hours, and the total hours worked by the part-time employee is 1500 hours in year 2016. 18 injuries were recorded at the workplace in year 2016. Determine the OSHA incidence rate based on injuries for year 2016.
Over the last 20-30 years, Treasury Departments have reduced significantly the number of full time employees...
Over the last 20-30 years, Treasury Departments have reduced significantly the number of full time employees working solely on Treasury issues. What changes has allowed Treasury to process more data, provide more and better analysis and improve the Treasury process?
The number of faults over a period of time was collected for a sample of 100...
The number of faults over a period of time was collected for a sample of 100 data transmission lines. We want to test if the data come from a Poisson distribution. number of faults 0 1 2 3 4 5 >5 number of lines 38 30 16 9 5 2 0 (a) Assuming the number of faults for a data-transmission line, Yi , i = 1, . . . , 100, follows a Poisson distribution with parameter λ, find the...
Crusty’s has collected data for the last ten days for the time from when an order...
Crusty’s has collected data for the last ten days for the time from when an order is taken until the pizza is finished (see follow data) (five samples are taken each day). Day sample 1 sample 2 sample 3 sample 4 sample 5 1 21.24 30.4 26.05 20.61 20.38 2 25.95 40.12 29.68 39.36 19.14 3 30.62 20.78 16.42 22.4 44.71 4 25.45 33.22 21.99 29.08 24.59 5 35.27 33.02 29.42 29.36 31.37 6 21.87 30.12 41.74 38.46 42.62 7...
Thomas Train has collected the following information over the last six months.
Thomas Train has collected the following information over the last six months.MonthUnits producedTotal costsMarch10,000$25,600April12,00026,200May19,60028,000June13,00026,450July12,00026,000August15,00026,500Using the high-low method, what is the variable cost per unit?Round to two decimal places.
The table below shows the number of cars sold last month by seven employees at Concord...
The table below shows the number of cars sold last month by seven employees at Concord Motors and their number of years of sales experience. Experience Sales 1 8 2 6 2 7 4 14 5 9 6 13 8 10 Analyze this data (what is correlation coefficient, slope for regression equation, y intercept for regression equation, standard error of estimate).
The table below shows the number of cars sold last month by seven employees at Concord...
The table below shows the number of cars sold last month by seven employees at Concord Motors and their number of years of sales experience. Experience Sales 1 8 2 6 2 7 4 14 5 9 6 13 8 10 Management would like to use simple regression analysis to estimate monthly car sales using the number of years of sales experience. The 95% confidence interval for the regression slope is ________. Group of answer choices a (-1.842, 3.158) b...
The table below shows the number of cars sold last month by seven employees at Concord...
The table below shows the number of cars sold last month by seven employees at Concord Motors and their number of years of sales experience. Experience Sales 1 8 2 6 2 7 4 14 5 9 6 13 8 10 Management would like to use simple regression analysis to estimate monthly car sales using the number of years of sales experience. The 95% confidence interval for the regression slope is ________. A. (-1.842, 3.158) B. (-0.481, 1.797) C. (0.058,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT