In the early 2000s, the Deep Down Mining Company implemented new safety guidelines. Prior to these new
Question:
In the early 2000s, the Deep Down Mining Company implemented new safety guidelines. Prior to these new guidelines, management expected there to be 0 accidents in 40% of the months, 1 accident in 30% of the months, 2 accidents in 20% of the months, and 3 accidents in 10% of the months. Over the last 10 years, or 120 months, there have been 46 months in which there were no accidents, 40 months in which there was 1 accident, 22 months in which there were 2 accidents, and 12 months in which there were 3 accidents. At the 0.05 significance level, can the management at Deep Down conclude that there has been a change in the monthly accident distribution?
Step by Step Answer:
Basic Statistics For Business & Economics
ISBN: 9781259268939
6th Canadian Edition
Authors: Douglas A. Lind, William G Marchal, Samuel A. Wathen, Carol Ann Waite