Use the Following to Answer Questions

question 96

Essay

Use the following to answer questions :
The table below lists the observed frequencies for all four categories for an experiment.

-The null hypothesis for the goodness-of-fit test is that the proportion of all elements of the population that belong to each of the four categories is the same.The expected frequencies for the four categories are:

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his theory of the benefits of a free market economy.

Public Good

A service or product offered for free to every member of a society, made available by either governmental entities or private organizations without aiming for financial gain.

Economic Functions

The roles and operations performed by an economic system, such as allocation of resources, distribution of income, and stabilization of the economy.

U.S. Government

The federal government of the United States, composed of three distinct branches: legislative, executive, and judicial, as established by the Constitution.