THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Three choices of free gifts are offered to 270 persons who subscribed to a new magazine.The number of subscribers choosing each gift is shown in the table below.Assume the null hypothesis that the gifts are equally attractive to the subscribers.Use a 0.01 significance level.
-What is the conclusion?
Definitions:
Market Return
The total return on investment in the stock market, considering both capital gains and dividends.
Regression Line
A statistical tool used in linear regression to model the relationship between two variables by fitting a line through the data points that best represents the dependence of one variable on the other.
Dependent Variable
A variable in statistical modeling or experimental design that is expected to change as a result of manipulations to the independent variable.
Slope
In mathematics, the slope describes the steepness, incline, or grade of a line, defined as the ratio of the vertical change to the horizontal change between two points on the line.
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