Using the Data Below and a 0

question 46

Essay

Using the data below and a 0.05 significance level, test the claim that the responses occur with percentages of 15%, 20%, 25%, 25% , and 15% respectively.
$\begin{array} { r | c c c c c } \text { Response } & \mathrm { A } & \mathrm { B } & \mathrm { C } & \mathrm { D } & \mathrm { E } \\\hline \text { Frequency } & 12 & 15 & 16 & 18 & 19\end{array}$

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Definitions:

Maturity Value

Maturity Value is the amount payable to an investor at the end of a fixed-term investment, including the principal and the interest earned.

Dollar Amount

A numerical value specifying an amount of money in terms of the dollar currency.

Phillips, Hager & North

A Canadian investment management firm, known for its mutual funds and portfolio management services.

Canadian Equity Fund

An investment fund that concentrates on equities (stocks) based in Canada.