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A researcher wants to determine if the distribution of races hired at government agencies is reflective of the overall U.S. population demographics. The researcher uses census data on demographics to obtain proportions for different races. The following table shows these proportions and the number of each race hired for a particular government agency. a. Set up the competing hypotheses to test if at least one proportion is different from the population demographics.
B) Calculate the value of the test statistic and determine the degrees of freedom.
C) Compute the p-value. Does the evidence suggest at least one proportion is different from the population demographics at the 1% significance level?
Cash Receipts
Money received by a business or individual, often recorded in the financial records to track income.
Cash Payments
Money disbursed by a business for various purposes, including operating expenses, debt repayment, and asset purchases.
Activity-Based Budgeting
A budgeting approach where budgets are developed based on the activities and resources needed to achieve specific goals or outputs.
Benefits of Budgeting
Benefits of budgeting include providing a financial framework for decision making, setting financial targets, and monitoring financial performance against those targets.
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