A survey performed by Simmons Market Research investigated the percentage of individuals in various age groups who
Question:
A survey performed by Simmons Market Research investigated the percentage of individuals in various age groups who indicated they were willing to pay more for environmentally friendly products. The results were presented in USA Today “Snapshots”
(July 21, 2005). The survey had approximately 3,240 respondents in each age group. Results of the survey follow:
Age Group 18–24 25–34 35–44 45–54 55–64 65 and over Percentage 11 17 19 20 14 19 Conduct a goodness-of-fit test analysis to determine if the proportions of individuals willing to pay more for environmentally friendly products in the various age groups are equal. Use a significance level of 0.01.
Step by Step Answer:
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith