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TABLE 12-3
The director of transportation of a large company is interested in the usage of her van pool. She considers her routes to be divided into local and non-local. She is particularly interested in learning if there is a difference in the proportion of males and females who use the local routes. She takes a sample of a day's riders and finds the following:
She will use this information to perform a chi-square hypothesis test using a level of significance of 0.05.
-Referring to Table 12-3, the null hypothesis will be rejected.
Cramer's Rule
A theorem in algebra that provides an explicit solution to a system of linear equations with as many equations as unknowns, using determinants.
System of Linear Equations
A set of one or more linear equations that share the same variables.
Interest Rate
A percentage representing the cost of borrowing money or the return on investment for savings.
Annual Payment
A payment made once every year, often related to loans, annuities, or other financial products.
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