Answer:
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The stock market gained 45 points on Tuesday and lost 32 points on Wednesday. It had closed on Monday at 2760 points. Where did
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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.
