Purchase Solution

Hypothesis Testing and Pension Plan

Not what you're looking for?

Ask Custom Question

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.

Purchase this Solution

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.

Purchase this Solution


Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.