Goodness of Fit Test Frequency Frequency Expected Observed Survey Results Number Company A Company B Company C 30 Company A 32 50 Company B 94 20 Company C 74 Test Statistics Degrees of Freedom p-value »We have three companies that have the following (Expected Frequency) market shares: ÞA 30 % of the market (type the number no need to convert to %) B 50 % of the market C 20 % of the market »Invoke the Macro (Ctri m)to get your survey results for both tests. Calculations 100 30 50.00 1.92875E-22 20 Survey Results Company A Company B »Now some genius in Company C comes up with a major marketing idea fo a new change in the product. So they do a test marketing study of 200 people and they have compiled the new data (hint: you must convert the responses to % or convert above market shares to the expected number of respondents out of 200). Percent Fompany
Goodness of Fit Test Frequency Frequency Expected Observed Survey Results Number Company A Company B Company C 30 Company A 32 50 Company B 94 20 Company C 74 Test Statistics Degrees of Freedom p-value »We have three companies that have the following (Expected Frequency) market shares: ÞA 30 % of the market (type the number no need to convert to %) B 50 % of the market C 20 % of the market »Invoke the Macro (Ctri m)to get your survey results for both tests. Calculations 100 30 50.00 1.92875E-22 20 Survey Results Company A Company B »Now some genius in Company C comes up with a major marketing idea fo a new change in the product. So they do a test marketing study of 200 people and they have compiled the new data (hint: you must convert the responses to % or convert above market shares to the expected number of respondents out of 200). Percent Fompany
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 54E: Conditional probability If 40 of the population have completed college, and 85 of college graduates...
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I was able to find some of the information (as seen in picture) but am having trouble finding the Frequency Observed for company A, B, C and then the percent for each of the companies in the survey results section. Attachted is picture for reference on what I am talking about. Thank you!
Expert Solution
Step 1
From the data we have, observed frequency as,
Survey results |
Number |
Company A |
32 |
Company B |
94 |
Company C |
74 |
Total |
200 |
Expected percent frequency are,
Survey results |
Expected percent frequency |
Company A |
30 |
Company B |
50 |
Company C |
20 |
Total |
100 |
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