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Author Question: The makers of Compute-All know that in the past, 40% of their sales were from people under 30 years ... (Read 70 times)

mccallkeeler

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on: Mar 25, 2023

The makers of Compute-All know that in the past, 40% of their sales were from people under 30 years old, 45% of their sales were from people who are between 30 and 50 years old, and 15% of their sales were from people who are over 50 years old. A sample of 300 customers was taken to see if the market shares had changed. In the sample, 100 of the people were under 30 years old, 150 people were between 30 and 50 years old, and 50 people were over 50 years old.

a.State the null and alternative hypotheses to be tested.
b.Compute the test statistic.
c.The null hypothesis is to be tested at the 1% level of significance. Determine the critical value from the table.
d.What do you conclude?

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by mccallkeeler on Mar 25, 2023

avelasquez

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mccallkeeler

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Reply 2 on: Mar 25, 2023
Excellent

cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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