Based on sales over a six-month period, the five top-selling compact carsare Chevy Cruze, Ford Focus, Hyundai Elantra, Honda Civic, and ToyotaCorolla (Motor trend, November 2, 2011). 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%. a sample of 400 compact car sales in Chicago showed the following number of vehicles sold. Chevy CruzeFord FocusHyundai ElantraHonda CivicToyota Corolla 10892648452 Use a goodness of fit test to determine if the sample data indicate thatthe market shares for the five compact cars in Chicago are different thanthe market shares reported by Motor Trend. Using a .05 level ofsignificance, what is the p-value and what is your conclusion? Whatmarket share differences, if any. exist in Chicago?
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). 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%. a sample of 400 compact car sales in Chicago showed the following number of vehicles sold.
| 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, what is the p-value and what is your conclusion? What
market share differences, if any. exist in Chicago?
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