Solved: State the decision rule, Goody Mattress and Furniture Company wishes to study the number, Basic Statistics

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State the decision rule

Discuss the following problems:

Q: Goody Mattress and Furniture Company wishes to study the number of credit applications received per day for the last 300 days. The info is reported as follows:

#of credit Frequency National stats
applications
0 100 95
1 154 165
2 162 152
3 96 102
4 62 57
5 or more 26 29

at the 0.02 significance level:

a) State the decision rule

b) Compute the value of the chi-squared

c) What is the decision regarding h0?

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Basic Statistics: State the decision rule

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