Find the expected frequencies if the die is fair

Assignment Help Business Economics

Reference no: EM13832534

Suppose we want to test to see if a die is “fair”.

When the die is tossed 240 times the following results are obtained.

Value: 1 2 3 4 5 6

observed frequency: 36 47 35 42 44 36

a) find the expected frequencies if the die is fair.

b) calculate the chi-squared statistics.

c) find the 5% critical value

d) test the hypothesis that the die is fair

Reference no: EM13832534

Questions Cloud

Purchasing a new piece of construction equipment : A contractor is looking at purchasing a new piece of construction equipment. He can either buy it now or two years from now. The cost is $68,000 if purchased now. If purchased in two years, it will cost $81,000. Assume i = 10%/year and inflation f = ..

What is the present worth of this alternative : What is the present worth of this alternative? What is the annual cost of this alternative? What would its present worth be if its life was shortened to 25 years in order to compare it to another alternative of that length?

Graph the labor market with efficiency wages : Graph the labor market with efficiency wages. Give a reason why firms would want to offer efficiency wages. Does the presence of efficiency wages increase or decrease the natural rate of unemployment?

Some people think leadership is a born ability : Some people think leadership is a born ability. Some think leadership cannot be learned and Some think leadership is the production of a need or challenge. What do you think?

Find the expected frequencies if the die is fair : find the expected frequencies if the die is fair. calculate the chi-squared statistics. find the 5% critical value

Causes the economy to go into a recession : Explain what you think causes the economy to go into a recession. Be sure to reference the theory/school of thought you are basing your response.

The types of variables used and the scales of measurement : Using the SPSS Output from Case Exhibit 22.1-1 on page 551 of your textbook, comment on the appropriateness of the statistical test used (make sure that your response includes information on the types of variables used and the scales of measurement)...

Features that define the future of e-commerce : Identify the features that define the future of e-commerce. Which of these, in your opinion, are the most lasting?

Africas rain forests are located on either side of the what : Africa's Rain forests are located on either side of the what

User Account

All Pages