Question
A sales region has been divided into five territories, each of which was believed to have equal sales potential. The actual Sales Volume for several
A sales region has been divided into five territories, each of which was believed to have equal sales potential. The actual Sales Volume for several sampled days is logged in the data below. At a = 0.05, do the territories have equal Sales Volume?
Hint for the question:
If the territories have equal volume, then they should share the total volume equally. Recall the formula for DF for a tabulation of one row or one column
A B C D E
SALES VOLUME 110 140 90 106 110
Whichanswer below is the best fit?
H0: Territories have equal SalesVolume is rejected with pvalue 0.041.The counts are not consistent with the model of equal proportions. Territories have unequal SalesVolume.
H0: Territories have equal Sales Volume is not rejected with pvalue 0.074. The counts are consistent with the model of equal proportions.
None of the answers are correct.
H0: Territories have equal Sales Volume is not rejected with pvalue 0.334. the counts are consistent with the model of equal proportions.
H0: Territories have equal Sales Volume is rejected with pvalue 0.012. The counts are not consistent with the model of equal proportions. Territories have unequal sales volume.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started