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Purdue Stat 350 Form

Purdue Stat 350 Form

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okay we're now in chapter 11 section 2 problem number 3 and we've got retailers of collectible postage stamps off and buy their stamps and large quantities by weight at auctions the prices the retailers are willing to pay depend on how all the postage stamps are many collectible postage stamps and auctions are described by the proportions of stamps issued at various periods in the past generally the older stands the higher the value at one particular auction a lot of collectible stamps is advertised to have the age distribution given in the table provided okay given the distribution so we're looking at a distribution here so this is going to be probably testing the fit of a distribution looking at the data versus the distribution a retail buyer took a sample of 73 stamps from the lot and sorted them by age the results are given in the table provided tests at the 5% level of significance whether there is sufficient evidence in the data to conclude that the age di

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