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Consider a multinomial experiment involving 100 trials and 3 categories (cells). The observed frequencies resulting from the experiment are shown in the accompanying table.
Use the 5% significance level to test the hypotheses H0: p1 = 0.45, p2 = 0.30, p3 = 0.25 vs. H1: At least two proportions differ from their specified values.
Economic Downturn
A period of decline in economic performance across a broad area, typically characterized by reduced industrial activity, consumer spending, and increased unemployment.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment.
Pink Slip
An informal term for the notice of dismissal given to an employee; historically, it referred to a pink-colored document.
UPS
UPS (United Parcel Service) is a multinational package delivery and supply chain management company.
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