Calculate expected frequencies under the null hypothesis

Assignment Help Business Economics
Reference no: EM131966858

Three different commercials are advertising an established product. The commercials are shown separately to theater panels of consumers; each consumer views only one of the possible commercials and then states an opinion of the product. Opinions range from 1 (very favorable) to 5 (very unfavorable). The data are as follows:

Opinion

Commercial 1 2 3 4 5 Total

A 32 87 91 46 44 300

B 53 141 76 20 10 300

C 41 93 67 36 63 300

Total 126 321 234 102 117 900

a) Calculate expected frequencies under the null hypothesis of independence.

b) How many degrees of freedom are available for testing this hypothesis?

c) Is there evidence for the opinion distributions are different for the variouscommercials? Useα= 0.1.

Reference no: EM131966858

Questions Cloud

What kinds of corporate procedures will you put : What kinds of corporate procedures will you put in place to manage and ensure the safety and security needs of the banking industry resources.
About the camp constant-growth model : Compute the required return for each company using both CAPM and the constant-growth model.
New treatment for congestive heart failure : A study was conducted of 90 adult male patients following a new treatment for congestive heart failure
Correlation and the test statistic for the correlation test : Calculate by hand the correlation and the test statistic for the correlation test.
Calculate expected frequencies under the null hypothesis : a) Calculate expected frequencies under the null hypothesis of independence. b) How many degrees of freedom are available for testing this hypothesis?
What is best estimate of the stock current market value : The required return on this stock is 15%. What is the best estimate of the stock’s current market value?
Provide a graph of the promotion information : A random sample of 248 promotion decisions over the past years yields the following information:
Calculate the dividends per share on each class of stock : Calculate the dividends per share on each class of stock for each of the four years. If no dividends are paid in a given year, enter "0"
A brief description about the lower-ranking country : Provide a brief (one [1] paragraph) description of the organization you have selected for this project.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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