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A simple random sample of checks were categorized based on the number of cents on the...

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Basic Math

A simple random sample of checks were categorized based on thenumber of cents on the written check and recorded below. CentsCategory 0¢-24¢ 25¢-49¢ 50¢-74¢ 75¢-99¢ Frequency 58 37 28 17 Usethe p-value method and a 5% significance level to test the claimthat 50% of the check population falls into the 0¢-24¢ category,20% of the check population falls into the 25¢-49¢ category, 16% ofthe check population falls into the 50¢-74¢ category, and 14% ofthe check population falls into the 75¢-99¢ category. Calculate theexpected value for the 50¢-74¢ category (round to the nearesttenth).

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