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The CPA Journal recently reported that the following are leaders in accounting software. In a recent market share report, Data, Inc. reported the following information

The CPA Journal recently reported that the following are leaders in accounting software.

In a recent market share report, Data, Inc. reported the following information on LCD TV manufacturers:

Company Name

Market Share

Oracle (NetSuite)

20%

Sage Group Plc.

10%

Zeta Software

5%

Microsoft Corporation

18%

Xero Ltd.

12%

SAP SE

9%

Other

26%

You are an independent researcher in the accounting and finance industry. You collect a random sample small to large -sized accounting firms and asked what accounting software company they use in their practice.

You are looking to determine if the brand and market share are independent.

Company Name

Frequency

Oracle (NetSuite)

15

Sage Group Plc.

6

Zeta Software

8

Microsoft Corporation

17

Xero Ltd.

16

SAP SE

12

Other

15

Use α = 0.01. The critical value of this test from the Table is 16.81.

Tasks:

  1. Conduct the 5-step hypothesis test. Label each step in your work. 
  2. interpret the conclusion in the context of given business problem. 
  3. In the input box, type in the calculated statistical value. Round to three decimal places.

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