Business, 21.04.2020 19:23 hope4517

Based on sales over a six-month period, the five top selling compact cars are Chevy Cruze, Ford Focus, Hyundai Elantra, Honda Civic, and Toyota Corolla (Motor Trend, November 2, 2011). Base on total sales, the market shares among for these five compact cars were Chevy Cruze 25%, Ford Focus 21%, Hyundai Elantra 19%, Honda Civic 18%, and Toyota Corolla 17%. A sample of 400 compact car sales in Chicago showed the following number of vehicles sold. Chevy Cruze 108Ford Focus 92Hyundai Elantra 64Honda Civic 84Toyota Corolla 52Use 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. Using a .05 level of significanceThe p-value isWhat is your conclusion?What market share differences, if any, exist in Chicago?

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Based on sales over a six-month period, the five top selling compact cars are Chevy Cruze, Ford Focu...

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