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A Psychology Instructor Gave a Five-Question True-False Quiz to Her  Number Correct 012345 Observed 4275571274\begin{array}{l|cccccc}\text { Number Correct } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \text { Observed } & 4 & 27 & 55 & 71 & 27 & 4\end{array}

question 30

Essay

A psychology instructor gave a five-question true-false quiz to her class of 188 students. The results were as follows.
 Number Correct 012345 Observed 4275571274\begin{array}{l|cccccc}\text { Number Correct } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \text { Observed } & 4 & 27 & 55 & 71 & 27 & 4\end{array}

The instructor thinks that the students may have answered the questions by guessi that the probability that any given answer is correct is 0.50.5 . Under the null hypothe number of correct answers has a binomial distribution with 5 trials and success probability 0.50.5 .
Perform a chi-square test of this hypothesis. Can you reject H0H _ { 0 } at the α=0.05\alpha = 0.05 leve

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Definitions:

Actual Price

The amount of money exchanged for a good or service in a real-world transaction.

Standard Costs

Predetermined costs calculated for direct materials, labor, and overhead, used as a benchmark to measure performance.

Actual Costs

The real expenses incurred in the production of goods or services, as opposed to estimated or budgeted costs.

Fixed Factory Overhead Volume Variance

The difference between the budgeted and actual fixed overhead costs, attributable to changes in production volume.

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