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Chapter 11: Q 54 (page 658)
exercise given below
: The population is fit to the given distribution
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Determine the appropriate test to be used in the next three exercises.
An economist is deriving a model to predict outcomes on the stock market. He creates a list of expected points on the stock market index for the next two weeks. At the close of each day's trading, he records the actual points on the index. He wants to see how well his model matched what actually happened.
Table contains information from a survey among participants classified according to their age groups. The second column shows the percentage of obese people per age class among the study participants. The last column comes from a different study at the national level that shows the corresponding percentages of obese people in the same age classes in the USA. Perform a hypothesis test at the % significance level to determine whether the survey participants are a representative sample of the USA obese population.
| Age Class (Years) | Obese Expected (percentage) | Obese Observed (Frequencies) |
Table
If , the chi-square distribution has a shape that reminds us of the exponential.
The table provides a recent survey of the youngest online entrepreneurs whose net worth is estimated at one million dollars or more. Their ages range from to . Each cell in the table illustrates the number of entrepreneurs who correspond to the specific age group and their net worth. Are the ages and net worth independent? Perform a test of independence at the significance level.
p-value = ________
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