Study Guide for Statistics for Business and Financial Economics by Ronald L. Moy Li-Shya Chen & Lie Jane Kao

Author:Ronald L. Moy, Li-Shya Chen & Lie Jane Kao
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

Votes

98

102

81

119

Solution: H0: voting pattern did not changeH1: voting pattern changed

Test statistic is where k = 4 and s are votes before the debate.

98

131

8.31

102

121

2.98

81

99

3.27

119

49

100

Sum

114.56

Since    we reject the null hypothesis that there has been no change in the voting pattern.

Example 6 Goodness of Fit Tests

A management consultant wants to develop an inventory control system. She collects weekly demand data for a high-tech machine. The results are given below.

Demands in units

0

1

2

3

4

5

6

7

8

9

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.