Startup Cost Distribution in 000s: A Tabular Approach
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Added on 2020-03-28
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4) Null Hypothesis: Average startup cost for the businesses highlighted above do not display statistical difference Alternative Hypothesis: Average startup cost for at a minimum one business does differ from other businesses Observation: Significance level (0.05) >p value (0.02) Result: There is null hypothesis rejection. Conclusion: Startup costs in given businesses is not same TASK 2 Using the given data, MS-Excel has been utilized for obtaining the model output represented below.
Startup Cost Distribution in 000s: A Tabular Approach
Added on 2020-03-28
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STATISTICSStudent Name and Number[Pick the date]Task 1 1
(1)The requisite parameters for various startup costs in 000’s are represented in tabular format.2
(2) (a) Frequency andrelative frequency table for the given business 3
(b) Histogramby takingrelative frequency is shown below: 4
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