To see whether silicon chip sales are independent of where the XYZ country's economy is in the business cycle, data have been collected on the weekly sales of ABC firm, and on whether the economy was rising to a cycle peak, at a cycle peak, falling to a cycle trough, or at a cycle trough. The results are given in the table below. State the null and alternative hypotheses. Calculate the appropriate test statistic and conduct the test of hypothesis at 0.01 level of significance, what is your conclusion? WEEKLY CHIP SALES Total High Medium Economy At Peak Low 30 11 50 At Trough Rising Falling 45 60 45 150 30 12 11 53 45 12 14 71 Total 150 95 78 323

To see whether silicon chip sales are independent of where the XYZ country's economy is in the business cycle, data have been collected on the weekly sales of ABC firm, and on whether the economy was rising to a cycle peak, at a cycle peak, falling to a cycle trough, or at a cycle trough. The results are given in the table below. State the null and alternative hypotheses. Calculate the appropriate test statistic and conduct the test of hypothesis at 0.01 level of significance, what is your conclusion? WEEKLY CHIP SALES Total High Medium Economy At Peak Low 30 11 50 At Trough Rising Falling 45 60 45 150 30 12 11 53 45 12 14 71 Total 150 95 78 323

Name: Urgent and important question 1st Q1To see whether silicon chip sales
Uploaded: 2024-03-05T11:52:21.000Z
Channel: Bartleby
Description: Urgent and important question 1st Q1To see whether silicon chip sales are independent of where the XYZ country's economy is in thebusiness cycle, data have been collected on the weekly sales of ABC firm, and on whether theeconomy was rising to a cycl