Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on sales over a sixmonth period, the five topselling compact cars are Chevy Cruze, Ford Focus, Hyundai Elantra, Honda Civic, and Toyota Corolla (Motor

Based on sales over a sixmonth period, the five topselling compact cars are Chevy Cruze, Ford Focus, Hyundai Elantra, Honda Civic, and Toyota Corolla (Motor Trend, November 2, 2011). A sample of compact car sales in Chicago showed the following number of vehicles sold:

Cars - Vehicles Sold

Chevy Cruze - 108

Ford Focus - 92

Hyundai Elantra - 64

Honda Civic - 84

Toyota Corolla - 52

a. State your null and alternative hypotheses.

b. Use a goodness of fit test to determine if the sample data indicate that the market shares for the five compact cars in Chicago are different than the market shares reported by Motor Trend. Show all the steps in your calculations of this test, including the degrees of freedom.

c. Using a 5% level of significance, what is the pvalue for this test?

d. What is your conclusion?

e. What market share differences from others, if any, exist in Chicago?

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

Step: 3

blur-text-image

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

Complex Variables and Applications

Authors: James Brown, Ruel Churchill

8th edition

73051942, 978-0073051949

More Books

Students also viewed these Mathematics questions

Question

=+different levels of abstraction (e.g., the meaning of

Answered: 1 week ago