Problem 5. Based on a sample of 21 Monitoring the Future respondents (see table below), we present their racial/ethnic background and the number of school days missed in the past 4 weeks. WhiteBlackHispanic414523325411435442632 Complete the 5-step model for these data, and set alpha at 0.05.If alpha were set at 0.01, would your decision change? Explain.

The correct answer is given in the second step.

Answered: 2 3 3 2 5 4 1 1 4 3 5 4 4…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Problem 5. Based on a sample of 21 Monitoring the Future respondents (see table below), we present their racial/ethnic background and the number of school days missed in the past 4 weeks.

White	Black	Hispanic
4	1	4
5	2	3
3	2	5
4	1	1
4	3	5
4	4	2
6	3	2

Complete the 5-step model for these data, and set alpha at 0.05.
If alpha were set at 0.01, would your decision change? Explain.

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