Question: The table below lists the frequency of wins for different
The table below lists the frequency of wins for different post positions in the Kentucky Derby horse race (current as of this writing). A post position of 1 is closest to the inside rail, so that horse has the shortest distance to run. Use a 0.05 significance level to test the claim that the likelihood of winning is the same for the different post positions. Based on the result, should bettors consider the post position of a horse racing in the Kentucky Derby?
Conduct the hypothesis test and provide the test statistic, critical value, and/or P-value, and state the conclusion.
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