In 2011, the industries with the most complaints to the Better Business Bureau were banks, cable and
Question:
a. Construct a frequency distribution for the number of complaints by industry.
b. Using a = .01, conduct a hypothesis test to determine whether the probability of a complaint is the same for the five industries. What is your conclusion?
c. Drop the industry with the most complaints. Using a = .05, conduct a hypothesis test to determine whether the probability of a complaint is the same for the remaining four industries.
Distribution
The 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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Related Book For
Modern Business Statistics With Microsoft Excel
ISBN: 9781337115186
6th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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