Mathematics, 13.03.2020 02:27, Rebelyfe4175
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 24%, Ford Focus 21%, Hyundai Elantra 20%, Honda Civic 18%, and Toyota Corolla 17%. A sample of 400 compact car sales in Chicago showed the following number of vehicles sold Excel File: data12-27.xisx Chevy Cruze Ford Focus Hyundai Elantra Honda Civic Toyota Corolla 108 92 64 84 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 between .01 and .025 ▼ What is your conclusion? Conclude that the markets shares for the five compact cars in Chicago differ from the market shares reported by Motor Trend. What market share differences, if any, exist in Chicago? Round your answers to two decimal places. Enter negative values as negative numbers. Sample Market Share Compact Car Difference Chevy Cruze Ford Focus Hyundai Elantra Honda Civic Toyota Corolla Market Share .24 21 .20 18 17
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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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