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    Hypothesis Testing and Pension Plan

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    A sample of employees at a large chemical plant was asked to indicate a preference for one of three pension plans. The results are given in the following table (see attachment). Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the .01 significance level.

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    Solution Summary

    This solution determines the significance of pension plan preferences by producing a null and alternative hypothesis, comparing the test statistic with the p-value to make a decision to accept or reject the null hypothesis. All steps are shown in an Excel file.