Example 13.14 A survey of 200 firms found the following evidence regarding profitability and marker share. Market share Profitability Upio 10% 11-25% > 25% Total Low 36 14 16 66 Medium 26 22 16 64 High 16 24 30 70 Total 78 60 62 200 Do you find that the above data give you significant evidence to conclude that market share and prof- itability are related? Test the hypothesis at 0.01 level of significance.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
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Example 13.14 A survey of 200 firms found the following evidence regarding profitability and marker
share.
Market share
Profitability
Upto 10%
11-25%
> 25%
Total
Low
36
14
16
66
Medium
26
22
16
64
High
16
24
30
70
Total
78
60
62
200
Do you find that the above data give you significant evidence to conclude that market share and prof-
itability are related? Test the hypothesis at 0.01 level of significance.
Transcribed Image Text:Example 13.14 A survey of 200 firms found the following evidence regarding profitability and marker share. Market share Profitability Upto 10% 11-25% > 25% Total Low 36 14 16 66 Medium 26 22 16 64 High 16 24 30 70 Total 78 60 62 200 Do you find that the above data give you significant evidence to conclude that market share and prof- itability are related? Test the hypothesis at 0.01 level of significance.
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