(Answered) In a study of vehicle ownership it has been found that 31

Statistics

In a study of vehicle ownership, it has been found that 31% of U.S. households do not own a vehicle, with 50% owning 1 vehicle, and the remaining owning 2 or more vehicles. The data for a random sample of 207 households in a resort community are as follows:

70 owned 0 vehicles, 101 owned 1 vehicle, and the remaining owned 2 or more vehicles.

When testing (at the 5% level of significance) whether the vehicle-ownership distribution in this community differs from that of the nation as a whole what is the test statistic? (please round your answer to 3 decimal places)

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92364215
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

Describe the general concept of economic analysis is this

Describe the general concept of economic analysis. Is this type of analysis necessary, and can it really help the individual investor make a decision about stock? Explain

Two candidates face each other in an election the

Two candidates face each other in an election. The Democratic candidate is supported by 58% of the population, and the Republican candidate is supported by 42%. In other words, if you randomly chose a voter and asked the ...

Determine the minimum sample size required when you want to

Determine the minimum sample size required when you want to be 98% confident that the sample mean is within two units of the population mean. Assume a standard deviation of 4.82 in a normally distributed population.

Lt x be a normally distributed random variable with mu

Let X be a normally distributed random variable with μ = 100 and σ = 10. Find the probability that X is between 80 and 105. (Round your answer to the nearest whole number percent and include the percent symbol.)

Suppose that we take a random sample of 49 people from this

Suppose that we take a random sample of 49 people from this segment of the population. What is the probability that the mean number of days of disability of this sample will be greater than 6 days?

Hospital waiting room times are normally distributed with a

Hospital waiting room times are normally distributed with a mean of 38.12 minutes and a standard deviation of 8.63 minutes. What is the shortest wait time that would still be in the worst 20% of wait times?

A stocks price fluctuations are approximately normally

A stock's price fluctuations are approximately normally distributed with a mean of $104.50 and a standard deviation of $23.62. You decide to purchase whenever the price reaches its lowest 20% of values. What is the most ...

One study based on responses from 1 013 randomly selected

One study, based on responses from 1, 013 randomly selected teenagers, concluded that 43% of teenagers cite grades that their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than h ...

Please help me find out how to calculate stock pricewhat is

Please help me find out how to calculate stock price. "What is the price of Company A's stock.We know company A pay dividend twice a year. And its beta=1.5 Government bond's Coupon is 8.8 and Yield is 5%(which one you sh ...

A population has a mean of 400 and a standard deviation of

A population has a mean of 400 and a standard deviation of 50. Suppose a sample of size 125 is selected and is used to estimate . Use z-table. 1) What is the probability that the sample mean will be within +/- 6 of the p ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert