Conduct the hypothesis test and provide the test statistic, critical value and P

Question

Conduct the hypothesis test and provide the test statistic, critical value and P-value, and state the conclusion. A person randomly selected 100 checks and recorded the cents portions of those checks. The table below lists those cents portions categorized according to the indicated values. Use a 0.05 significance level to test the claim that the four categories are equally likely. The person expected that many checks for whole dollar amounts would result in a disproportionately high frequency for the first category, but do the results support that expectation? The test statistic is (Type an integer or a decimal.) The critical value is (Round to three decimal places as needed.)

Explanation / Answer

Degree of freedom=4-1=3

Critical value=7.815

using excel function

=CHIINV(0.05,3)

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---