Question
In: Statistics and Probability
A study of the relationship between facility conditions at gas stations and aggressiveness in the pricing...
A study of the relationship between facility conditions at gas stations and aggressiveness in the pricing of gasoline reports the accompanying data based on a sample of n = 385 stations.
Table of Observed counts
Observed pricing policy
Aggressive Neutral Nonaggressive
Condition Standard 52 73 80
Modern 58 86 36
a. What is the expected cell count table under the null hypothesis that the facility conditions and the aggressiveness of the pricing are independent?
b. Carry out a chi-square test for the independence. What is the value of test statistic?
c. What is the reject region for the significance level 0.01? Does the data suggest that facility conditions and pricing policy are independent of one another?
Solutions
orchestra answered 1 year agoRelated Solutions
Gasoline is sold through local gas stations under perfectly competitive conditions. All gas station owners face...
Gasoline is sold through local gas stations under perfectly
competitive
conditions. All gas station owners
face the same long-run total cost function given by:
LRTC= 0.01q3-2q2+101q
Where q is the number of gallons sold per day.
Assuming the market is in long-run equilibrium, how much gas
will each firm sell per day? What is the value of long- run average
cost at this output level? What is the long run equilibrium
price?
(b) The market demand...
4. In a fictional study, the influence of a television program on children's aggressiveness was examined....
4. In a fictional study, the influence of a television program
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children viewed the television program. Imagine that the known
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Question 5 LGP sells bottled gas to petrol stations for resale. The petrol stations buy the...
Question 5
LGP sells bottled gas to petrol
stations for resale. The petrol stations buy the bottles in lots of
500 for $15000. LPG’s variable costs per bottle are $25. Monthly
fixed costs are $102,000.
Required
1. Calculate the
breakeven point in sales revenue and units (gas
bottles).
2. Calculate the
volume required to earn $300,000.
3. How does your
analysis change if you learn that LPG uses sales agents who are
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Question 6...
Explain the relationship between the chain and transmission of infection and the conditions that promote the...
Explain the relationship between the chain and transmission of
infection and the conditions that promote the transmission of the
healthcare associated infections.
The owner of a number of gas stations is considering installing coffee machines in his gas...
The owner of a number of gas stations is considering installing
coffee machines in his gas stations. It will cost
$250,000
to install the coffee machines, and they are expected to boost
cash flows by
$116,071
per year for their five-year working life. What must the cost
of capital be if this investment has a profitability index of
1?
The owner of a number of gas stations is considering installing coffee machines in his gas...
The owner of a number of gas stations is considering installing
coffee machines in his gas stations. It will cost $290,000 to
install the coffee machines, and they are expected to boost cash
flows by $134,643 per year for their five-year working life. What
must the cost of capital be if this investment has a profitability
index of 1
1. 10.37%
2. 12.96%
3. 2.59%
4. 5.81%
Suppose in December 2019, the average and standard deviation of gas price at gas stations were...
Suppose in December 2019, the average and standard deviation of
gas price at gas stations were 136.5 and 6 ¢/liter respectively. A
random sample of n = 36 gas stations is selected from the
population and the price per liter of gas is determined for
each.
a) Describe the distribution of the average gas price determined
for this sample gas stations. What are the values of mean and
standard deviation for this distribution?
b) What is the probability that the...
1a.) Explain the relationship between the chain and transmission of infection and the conditions that promote...
1a.) Explain the relationship between the chain and transmission of
infection and the conditions that promote the transmission of
healthcare associated infections.
1b.) Explain the rationale for standard precautions and the
procedures for each isolation category.
Is there a relationship between perceptions of current economic conditions and extent of a democracy? Using...
Is there a relationship between perceptions of current economic
conditions and extent of a democracy? Using Afrobarometer 2015,
please provide: a 1–2 APA style paragraph statement that furnishes
an answer to this question, note the relevant statistics, comment
on meaningfulness, and include your relevant SPSS output. In
addition, please comment on what could be influencing the results
you obtained.
Is there a relationship between perceptions of current economic conditions and extent of a democracy? Using...
Is there a relationship between perceptions of current economic
conditions and extent of a democracy? Using Afrobarometer 2015,
please provide: a 1–2 APA style paragraph statement that furnishes
an answer to this question, note the relevant statistics, comment
on meaningfulness, and include your relevant SPSS output. In
addition, please comment on what could be influencing the results
you obtained.
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