User Account

All Pages

Test goodness-of-fit-homogeneity-independence

Assignment Help Finance Basics
Reference no: EM131474048

The makers of M&Ms claim that the colors of M&Ms are distributed as follows: 20% yellow, 20% red, 10% orange, 10% blue, 10% green and the rest are brown.

You buy a bag and get 29 yellow, 23 red, 12 orange, 14 blue, 8 green, and 20 brown.

a) If the M&Ms are packaged in the stated proportions, how many of each color should you expect to get? Create a table of observed and expected counts.

b) To see if your bag was unusual should you test goodness-of-fit, homogeneity, or independence?

c) State the hypotheses

d) How many degrees of freedom are there?

e) Find the chi-square statistic and the p-value

f) Draw a sketch of this distribution and label your chi-square statistic and p-value

Reference no: EM131474048

Questions Cloud

How can average nurses be involved in the political process : What does it mean to be a change agent? Give two examples of when you were a change agent or witnessed another nurse as a change agent.
Identify different types of marketing research company uses : Identify the different types of marketing research it uses and describe the importance of that research to the company using the provided template.
Write a program that asks the user for a letter : Write a program that asks the user for a letter. The program should then determine if the letter is a vowel or not
Explain the psychological addiction and physical addiction : Discuss the differences between psychological addiction and physical addiction as related to the use of tranquilizers, and explain Roy's addictions.
Test goodness-of-fit-homogeneity-independence : To see if your bag was unusual should you test goodness-of-fit, homogeneity, or independence?
Derive excitation tables for given circuit : For the following circuit, Complete the timing diagram starting with Y1Y2 = 00 (at time = 0). Derive excitation tables.
Define what kind of an addiction this person has : Define what kind of an addiction this person has. Give a DSM diagnosis and your reasons for it. Explain one counseling approach.
Confidence interval for the population proportion : Construct a 99% confidence interval for the population proportion. Interpret the results.
What are the benefits of across-the-board pay cuts : What are the benefits of across-the-board pay cuts? What are the benefit of reduction in force? How would you advise this Japanese expatriate working in the US?

Reviews

Write a Review

Finance Basics Questions & Answers

  What are the common stockholders residual claims

Diploma Mills has $30 million in earnings, pays 4.25 million in interest to bondholders, and $2.95 million in dividends to preferred stockholders.

  Research and analyse the share price history of dsh

Dick Smith Holdings (DSH) went into voluntary administration in January 2016. Research and analyse the share price history of DSH from its launch to the date of administration

  Impact of credit crisis on liquidity

Explain why the credit crisis affected the ability of financial institutions to access short-term financing in the money markets.

  Fixed costs and other financial concepts

Consumers to Live Theaters, can be divided into 2-groups: seniors and everyone else. The inverse demand curves for each of 2-groups are given below.

  What is the optimal solution

What is the optimal solution (be specific, how much x1 how much x2 what is the value of the objective function)? If demand for regular increased by 10, what will happen to the optimal solution (Z) and the  decision variables x1 and x2?

  The profit margin on sales will be 7 percent what would

red barn dress shops inc. can open a new store that will do an annual sales volume of 960000. it will turn over its

  Determine investment risk in diversifying

I have a professional football team, and I consider to diversify by buying shares in either a company that owns a pro basketball team or a pharmaceutical company.

  What is a swap market

What is a swap market? How can swap markets help international firms obtain low-cost sources of capital and manage foreign exchange risk?

  Annual maintenance costs related with ownership are

kohers inc. is considering a leasing arrangement to finance some manufacturing tools that it needs for the next 3

  How much additional short-term funding can it borrow

If Mitchem expands its receivables and inventories using its short-term line of credit, how much additional short-term funding can it borrow before its current ratio standard is reached?

  Hedging a bond portfolio with t-bond futures

A portfolio manager uses a T-bond futures contract to hedge a bond portfolio over the next 4 months. The portfolio is worth $75 million and will have duration of 5 years in four months. The futures price is 118 and each contract is for $200,000. T..

  How many dollars of revenue must the company generate

Circle K Furniture has a contribution margin ratio of 16%. If fixed costs are $176,800, how many dollars of revenue must the company generate in order to reach the break-even point? a) $1060,800 b) $1,105,000 c) $282,880 d)$208,476

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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