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 65 Honda Civic 83 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 this city are different than the market shares reported by Motor Trend. Use a 0.05 level of significance. State the null and alternative hypotheses. H0: The market shares for the five automobiles in this city are 0.24, 0.21, 0.20, 0.18, 0.17. Ha: The market shares for the five automobiles in this city differ from the above shares.H0: The market shares for the five automobiles in this city differ from 0.24, 0.21, 0.20, 0.18, 0.17. Ha: The market shares for the five automobiles in this city are the same as the above shares. H0: The majority of the market shares for the five automobiles in this city are the same as the ones reported by Motor Trend. Ha: The majority of the market shares for the five automobiles in this city differ from the ones reported by Motor Trend.H0: The majority of the market shares for the five automobiles in this city differ from the ones reported by Motor Trend. Ha: The majority of the market shares for the five automobiles in this city are the same as the ones reported by Motor Trend. Find the value of the test statistic. (Round your answer to three decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. Do not reject H0. We conclude that the market shares for the five compact cars in this city differ from the market shares reported.Reject H0. We cannot conclude that the market shares for the five compact cars in this city differ from the market shares reported. Do not reject H0. We cannot conclude that the market shares for the five compact cars in this city differ from the market shares reported.Reject H0. We conclude that the market shares for the five compact cars in this city differ from the market shares reported. What market share differences, if any, exist in this city? Chevy Cruze shows market share in this city. Ford Focus shows market share in this city. Hyundai Elantra shows market share in this city. Honda Civic shows market share in this city. Toyota Corolla shows market share in this city.

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 65 Honda Civic 83 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 this city are different than the market shares reported by Motor Trend. Use a 0.05 level of significance. State the null and alternative hypotheses. H0: The market shares for the five automobiles in this city are 0.24, 0.21, 0.20, 0.18, 0.17. Ha: The market shares for the five automobiles in this city differ from the above shares.H0: The market shares for the five automobiles in this city differ from 0.24, 0.21, 0.20, 0.18, 0.17. Ha: The market shares for the five automobiles in this city are the same as the above shares. H0: The majority of the market shares for the five automobiles in this city are the same as the ones reported by Motor Trend. Ha: The majority of the market shares for the five automobiles in this city differ from the ones reported by Motor Trend.H0: The majority of the market shares for the five automobiles in this city differ from the ones reported by Motor Trend. Ha: The majority of the market shares for the five automobiles in this city are the same as the ones reported by Motor Trend. Find the value of the test statistic. (Round your answer to three decimal places.) Find the p-value. (Round your answer to four decimal places.) p-value = State your conclusion. Do not reject H0. We conclude that the market shares for the five compact cars in this city differ from the market shares reported.Reject H0. We cannot conclude that the market shares for the five compact cars in this city differ from the market shares reported. Do not reject H0. We cannot conclude that the market shares for the five compact cars in this city differ from the market shares reported.Reject H0. We conclude that the market shares for the five compact cars in this city differ from the market shares reported. What market share differences, if any, exist in this city? Chevy Cruze shows market share in this city. Ford Focus shows market share in this city. Hyundai Elantra shows market share in this city. Honda Civic shows market share in this city. Toyota Corolla shows market share in this city.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 13CYU

See similar textbooks

Related questions

Question

Chevy Cruze	108
Ford Focus	92
Hyundai Elantra	65
Honda Civic	83
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 this city are different than the market shares reported by Motor Trend. Use a 0.05 level of significance.

State the null and alternative hypotheses.

H₀: The market shares for the five automobiles in this city are 0.24, 0.21, 0.20, 0.18, 0.17.
H_a: The market shares for the five automobiles in this city differ from the above shares.H₀: The market shares for the five automobiles in this city differ from 0.24, 0.21, 0.20, 0.18, 0.17.
H_a: The market shares for the five automobiles in this city are the same as the above shares. H₀: The majority of the market shares for the five automobiles in this city are the same as the ones reported by Motor Trend.
H_a: The majority of the market shares for the five automobiles in this city differ from the ones reported by Motor Trend.H₀: The majority of the market shares for the five automobiles in this city differ from the ones reported by Motor Trend.
H_a: The majority of the market shares for the five automobiles in this city are the same as the ones reported by Motor Trend.

Find the value of the test statistic. (Round your answer to three decimal places.)

Find the p-value. (Round your answer to four decimal places.)

p-value =

State your conclusion.

Do not reject H₀. We conclude that the market shares for the five compact cars in this city differ from the market shares reported.Reject H₀. We cannot conclude that the market shares for the five compact cars in this city differ from the market shares reported. Do not reject H₀. We cannot conclude that the market shares for the five compact cars in this city differ from the market shares reported.Reject H₀. We conclude that the market shares for the five compact cars in this city differ from the market shares reported.

What market share differences, if any, exist in this city?

Chevy Cruze shows market share in this city. Ford Focus shows market share in this city. Hyundai Elantra shows market share in this city. Honda Civic shows market share in this city. Toyota Corolla shows market share in this city.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 4 steps with 4 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Markov Processes and Markov chain$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Recommended textbooks for you

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill