Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you suspect that an unscrupulous employee at a cas

You suspect that an unscrupulous employee at a casino has tampered with a die; that...

50.1K

Verified Solution

Question

Finance

You suspect that an unscrupulous employee at a casino has tampered with a die; that is, he is using a loaded die. In order to test this claim, you roll the die 300 times and obtain the following frequencies: (You may find it useful to reference the appropriate table: chi-square table or F table)

Category 1 2 3 4 5 6
Frequency 58 52 54 48 56 32

Click here for the Excel Data File

a. Choose the appropriate alternative hypothesis to test if the population proportions differ.

multiple choice 1

  • All population proportions differ from 1/6.

  • Not all population proportions are equal to 1/6.

b. Calculate the value of the test statistic. (Round intermediate calculations to at least 4 decimal places and final answer to 3 decimal places.)

c. Find the p-value.

multiple choice 2

  • p-value

    0.10
  • 0.05

    p-value < 0.10
  • 0.025

    p-value < 0.05
  • 0.01

    p-value < 0.025

  • p-value < 0.01

d. At the 1% significance level, can you conclude that the die is loaded?

multiple choice 3

  • Yes

    since the p-value is less than significance level.
  • Yes

    since the p-value is more than significance level.
  • No

    since the p-value is less than significance level.
  • No

    since the p-value is more than significance level.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students