Ballantine Venture Capital recently conducted a survey regarding the success rates of start-up businesses across four industries.A sample of 200 start-ups was selected from each of the industries and the success rate in each sample was determined.The success rates in the samples from the four industries were 0.64, 0.72,, 0.68; and 0.56, respectively. At a 5% significance level, you use the chi-square distribution to test the hypothesis that success rate of start-ups is the same across the four industries.What is the p-value for this test? (You will need a statistical calculator.)
A) .0312
B) .0064
C) .0137
D) .0622
Correct Answer:
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