Chi-square goodness-of-fit test

Assignment Help Accounting Basics
Reference no: EM131008203

Sales rep travel. A sales representative who is on the road visiting clients thinks that, on average, he drives the same distance each day of the week. He keeps track of his mileage for several weeks and discovers that he averages 122 miles on Mondays, 203 miles on Tuesdays, 176 miles on Wednesdays, 181 miles on Thursdays, and 108 miles on Fridays. He wonders if this evidence contradicts his belief in a uniform distribution of miles across the days of the week. Is it appropriate to test his hypothesis using the chi-square goodness-of-fit test? Explain.

Reference no: EM131008203

Questions Cloud

Display the data in a two-way table and analyze the data : The nonstudents were a group of individuals who were recruited to attend commercial focus groups on the West Coast conducted by a lifestyle marketing organization. Discuss how the method of selecting the subjects in this study relates to the concl..
What ways do advertisers in magazines use sexual imagery : In what ways do advertisers in magazines use sexual imagery to appeal to youth? One study classi?ed each of 1509 full-page or larger ads as "not sexual" or "sexual," according to the amount and style of the clothing of the male or female model in..
Research aspects of the material - concrete in situ : Understand the interrelationships, behaviour and function of building components in residential buildings- Describe different residential construction systems.
How fast is the length of the side decreasing : An ice cube that is 8 cm on each side is melting at a rate of 5 cm3 per minute. How fast is the length of the side decreasing?
Chi-square goodness-of-fit test : He wonders if this evidence contradicts his belief in a uniform distribution of miles across the days of the week. Is it appropriate to test his hypothesis using the chi-square goodness-of-fit test? Explain.
Chi-square goodness-of-fit test : a) Explain why the chi-square goodness-of-fit test is not an appropriate way to find out. b) What might you do instead of weighing the nuts in or- der to use a x2 test?
Find a primitive element : Recall that F = F3[x]/ is a finite field of order 32. Find a primitive element and write out the cyclotomic cosets along with their minimal polynomials
Find the error in the linear approximation : Find the error in the linear approximation to the value of f(3 + 0.06) that we found in part b). Find the percentage that results from approximation f(3 + 0.06) by the value in part b).
Problem regarding the advertised proportions : a) If the M&M's are packaged in the advertised proportions, how many of each color should the author have ex- pected in his bag of M&M's? b) To see if his bag was unusual, should he test goodness- of-fit, homogeneity, or independence?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd