Use the Following to Answer Questions

question 40

Essay

Use the following to answer questions :
You ask 100 persons what color of car they like the most.The table below lists the observed frequencies for such a survey.

-The null hypothesis for the goodness-of-fit test is that 10% of all persons like black cars,25% like blue cars,20% like red cars,10% like white cars,and 35% like other colors.The expected frequencies for the various colors are:

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Definitions:

No Capital

The lack of access to financial resources or investment necessary for starting or expanding businesses.

Career Options

The range of possible paths an individual can take in their professional life, often influenced by their skills, interests, values, and the opportunities available in the job market.

Bruce A. Kirchhoff

An academic notable for contributions to the fields of entrepreneurship and small business management.

Small Businesses

Enterprises characterized by having a small number of employees, low volume of sales, and relatively limited market influence.