A national company engaged in the manufacture of air-conditioners offers three basic products in terms of comparative prices-low, medium, and high. Past records show that the percentage sales in three categories are 45, 30, and 25, respectively. A sales promotion was conducted highlighting the advantages of high-priced air-conditioners. After the promotion, a random sample of 100 air-conditioners showed that the number of items sold in the low, medium, and high priced items are 30, 30, and 40, respectively. Test the hypothesis that the current pattern of sales does not differ from the historical pattern. Use a 1% level of significance.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 26PPS
icon
Related questions
Question

A national company engaged in the manufacture of air-conditioners offers three basic products in terms of comparative prices-low, medium, and high. Past records show that the percentage sales in three categories are 45, 30, and 25, respectively. A sales promotion was conducted highlighting the advantages of high-priced air-conditioners. After the promotion, a random sample of 100 air-conditioners showed that the number of items sold in the low, medium, and high priced items are 30, 30, and 40, respectively. Test the hypothesis that the current pattern of sales does not differ from the historical pattern. Use a 1% level of significance.

Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL