Employee
Four Employees Are Monitored to Determine Whether There Is

question 8

Short Answer

Employee
Four employees are monitored to determine whether there is any difference in the proportions of acceptable parts produced by the employees.The sample of parts produced is given below. $$\begin{array}{l}\text { Employee }\\\begin{array} { | l | c c c c | c | } \hline \text { Quality } & \mathbf { 1 } & \mathbf { 2 } & \mathbf { 3 } & \mathbf { 4 } & \text { Total } \\\hline \text { Acceptable } & 265 & 270 & 225 & 180 & 950 \\\text { Unacceptable } & 10 & 5 & 15 & 20 & 50 \\\hline \text { Total } & 275 & 275 & 250 & 200 & 1000 \\\hline\end{array}\end{array}$$
-These data provide the information for testing the hypothesis that the proportion of unacceptable is the same for the four employees.At a significance level of 0.01,what will be he critical value for this chi-square test?

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Definitions:

Nominal GDP

Nominal GDP is the market value of all final goods and services produced within a country in a given period, measured in current prices.

Aggregate Output

The total value of all goods and services produced in an economy over a specific time period.

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period at given prices.

Price Level

A measure of the average prices of goods and services in an economy at a given time.