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In a Local Store, Find the Price of a 60-W

question 19

Essay

In a local store, find the price of a 60-W incandescent bulb and CFL and
LED bulbs with an equivalent light output. Based on a use of 4 hours per day and an electricity cost of $0.11/kWh, calculate the payback period for each of these bulbs compared to the incandescent.


Definitions:

Two Categories

Descriptive of data or entities that can be divided into two distinct groups.

Chi-squared Goodness-of-fit

A statistical test used to determine if observed data matches the expected distribution of a given hypothesis.

Chi-squared Tests

Statistical tests used to determine if there is a significant difference between observed frequencies and the frequencies expected under a specific hypothesis.

Nominal Data

Categorical data that cannot be logically ordered or ranked.

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