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Consider a multinomial experiment involving 100 trials and 3 categories (cells). The observed frequencies resulting from the experiment are shown in the accompanying table. Use the 5% significance level to test the hypotheses H0: p1 = 0.45, p2 = 0.30, p3 = 0.25 vs. H1: At least two proportions differ from their specified values.
Orange Juice
A beverage made from the extraction or pressing of the natural liquid contained in orange fruits.
Troy Ounce
A unit of measure for precious metals that is approximately 31.1 grams, differing from the standard ounce which is 28.35 grams.
Silver Futures
Contracts for the future delivery of silver at a price agreed upon today, used for hedging and speculative trading.
Contract
A legally binding agreement between two or more parties that defines and governs the rights and duties of the parties to the agreement.
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