Suppose that candidates for a job opening at Citibank interview with four different managers. Each manager independently
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Suppose that candidates for a job opening at Citibank interview with four different managers. Each manager independently evaluates each candidate with a “yes” or “no” hiring decision. The following table shows the number of “yes” decisions given the last 90 candidates:
a. Using α = 0.05, perform a chisquare test to determine if the number of “yes” decisions per candidate follows the binomial probability distribution when the probability of a candidate receiving a “yes” vote is 30%.
b. Determine the pvalue using Excel and interpret its meaning.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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