Mathematics, 22.02.2020 02:08 mycampbell
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.† Based on total sales, the market shares for these five compact cars were Chevy Cruze 24%, Ford Focus 21%, Hyundai Elantra 20%, Honda Civic 18%, and Toyota Corolla 17%. Suppose a sample of 400 compact car sales in one city showed the following number of vehicles sold.
Chevy Cruze 108
Ford Focus 92
Hyundai Elantra 64
Honda Civic 84
Toyota Corolla 52
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. Using a .05 level of significance
The p-value is
What 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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