Question
Based on 2017 sales, the six top-selling compact cars are the Honda Civic, Toyota Corolla, Nissan Sentra, Hyundai Elantra, Chevrolet Cruze, and Ford Focus.? The
Based on 2017 sales, the six top-selling compact cars are the Honda Civic, Toyota Corolla, Nissan Sentra, Hyundai Elantra, Chevrolet Cruze, and Ford Focus.? The 2017 market shares are: Honda Civic 20%, Toyota Corolla 17%, Nissan Sentra 12%, Hyundai Elantra 10%, Chevrolet Cruze 10%, and Ford Focus 8%, with other small car models making up the remaining 23%. Suppose a sample of 400 compact car sales in a certain large city showed the following number of vehicles sold.
Honda Civic | 99 |
Toyota Corolla | 71 |
Nissan Sentra | 53 |
Hyundai Elantra | 45 |
Chevrolet Cruze | 41 |
Ford Focus | 24 |
Others | 67 |
Use a goodness of fit test to determine if the sample data indicate that the market shares for compact cars in the city are different than the market shares suggested by nationwide 2017 sales. Use a 0.05 level of significance.
State the null and alternative hypothesis:
O Reject HD' We conclude that market shares for the compact cars in the city differ from the nationwide market shares. O Reject H0. We cannot conclude that market shares for the compact cars in the cityr differ from the nationwide market shares. Q Do not reject H0. We conciude that market share5 for the compact cars in the city differ from the nationwide market shares) 0 Do not reject H0. We cannot conclude that market shares for the compact cars in the city differ from the nationwide market shares. O H0: The market shares for the compact cars in the city differ from market shares nationwide. Ha: The market shares for the compact cars in the city do not differ from market shares nationwide. O Ho: The market shares for the compact cars in the city are not different from any of the nationwide market shares listed. Ha: The market shares for the compact cars in the city are different for at least one of the nationwide market shares iisted. O H\": The market shares for the compact cars in the city do not differ from market shares nationwide. Ha: The market shares for the compact cars in the city differ from market shares nationwide. Ci Ho: The market shares for the compact cars in the city are different from at ieast one of die nationwide market shares listed. H3: The market shares for the compact cars in the city are not different from any of the nationwide market shares iistedStep by Step Solution
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