Answer:
Step-by-step explanation:
Let be the cost of renting from Mozart's Music Store for
years, and
be the cost of renting from Bach's Music Store for
years.
From the problem statement, we can come up with the following equations:
Plugging in for each equation, we can get the answer:
From this, we can see that the value is equal for both stores.
Answer:
The proportions differ from those reported in the survey.
Step-by-step explanation:
The Chi-square goodness of fit test would be used to determine whether the proportions differ from those reported in the survey.
The hypothesis for the test can be defined as follows:
<em>H</em>₀: The proportions does not differ from those reported in the survey.
<em>Hₐ</em>: The proportions differ from those reported in the survey.
Assume that the significance level of the test is, α = 0.01.
The Chi-square test statistic is given by:
Consider the Excel sheet provided.
The Chi-square test statistic value is 191.32.
The <em>p</em>-value of the test is:
The <em>p</em>-value of the test is very small. The null hypothesis will be rejected at 1% level of significance.
Thus, concluding that the proportions differ from those reported in the survey.
