Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Algebra advanced algebra with financial applications

Authors: Robert K. Gerver

1st edition

978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670

More Books

Students also viewed these Mathematics questions