Refer to the Urban Studies (June 2011) analysis of tenants renting space in United Kingdom regional shopping
Question:
Refer to the Urban Studies (June 2011) analysis of tenants renting space in United Kingdom regional shopping malls, Exercise 2.11. Recall that tenants were categorized into five different-size groups based on amount of floor space: anchor tenants (more than 30,000 sq. ft.), major space users (between 10,000 and 30,000 sq. ft.), large standard tenants (between 4,000 and 10,000 sq. ft.), small standard tenants (between 1,500 and 4,000 sq. ft.), and small tenants (less than 1,500 sq. ft.). Suppose that a UK mall developer believes that the proportions of tenants in each category are .01, .05, .10, .40, and .44, respectively. In the actual study, 1,821 stores were sampled and the number of stores in each tenant category was reported as 14, 61, 216, 711, and 819, respectively. Use this information to test the mall developer's belief (at α = .01). What do you conclude?
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich