Metro Bus System The Management of the Metro Bus System of Houston,TX Was

question 95

Short Answer

Metro Bus System
The management of the Metro Bus System of Houston,TX was faced with the task of improving efficiency in terms of running on time.One of its greatest problems was breakdown of equipment.Between 1994 and 1997,emphasis was placed on maintenance.Random samples of 10,000 bus runs were taken from the records of 1994 and 1997.The percentage of breakdowns in 1994 was 0.4 and in 1997 it was 0.04.Use a chi-square test for equal proportions to analyze these data.
-What is the value of the test statistic?

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Definitions:

U.S. Census Bureau

A federal agency tasked with collecting and analyzing data about the American people and economy.

Closed Businesses

Companies that have ceased operations permanently, often due to financial troubles, market competition, or other external factors.

Managing Finances

The practice of handling monetary resources efficiently, including budgeting, investing, and saving.

Adequate Cash Flow

The level of cash inflow that is sufficient to cover the outflow necessities for a business to operate smoothly and meet its financial obligations.