SCENARIO 12-16 As Part of an Evaluation Program,a Sporting Goods Retailer Wanted

question 36

Short Answer

SCENARIO 12-16
As part of an evaluation program,a sporting goods retailer wanted to compare the downhill coasting speeds of 4 brands of bicycles.She took 3 of each brand and determined their maximum downhill speeds.The results are presented in miles per hour in the table below.

-Referring to Scenario 12-16,the decision rule for a level of significance of 0.05 using the Kruskal-Wallis test is to reject the null hypothesis if the test statistic H is _____ assuming that the sample sizes were large enough to use a chi-square approximation.

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Definitions:

Tax Collections

The process by which governmental authorities, such as the IRS in the United States, collect taxes from individuals and businesses.

Payroll Tax

Taxes imposed on employers or employees, usually calculated as a percentage of the salaries that employers pay their staff.

Labor Market

The supply and demand for labor, where workers find employment and employers find workers.

Equilibrium

A state in economics where demand equals supply, resulting in a stable market price and quantity.