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(Solved): You May Need To Use The Appropriate Technology To Answer This Question. Based On Sales Over A Six-mo...


You may need to use the appropriate technology to answer this question. Based on sales over a six-month period, the five top-

You may need to use the appropriate technology to answer this question. 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 Hyundai Elantra 64 Honda Civic 86 Toyota Corolla 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. O Ho: The market shares for the five automobiles in this city differ from 0.24, 0.21, 0.20, 0.18, 0.17. Hg: The market shares for the five automobiles in this city are the same as the above shares. O H.: The majority of the market shares for the five automobiles in this city are the same as the ones reported by Motor Trend. H: The majority of the market shares for the five automobiles in this city differ from the ones reported by Motor Trend. O H ,: The market shares for the five automobiles in this city are 0.24, 0.21, 0.20, 0.18, 0.17. Hy: The market shares for the five automobiles in this city differ from the above shares. O Ho: The majority of the market shares for the five automobiles in this city differ from the ones reported by Motor Trend. H: 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. O Do not reject Ho. We cannot conclude that the market shares for the five compact cars in this city differ from the market shares reported. Reject Ho. We cannot conclude that the market shares for the five compact cars in this city differ from the market shares reported. Reject H. We conclude that the market shares for the five compact cars in this city differ from the market shares reported. Do not reject Ho. 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 ---Select--- market share in this city. Ford Focus shows --Select-- 7 market share in this city. Hyundai Elantra shows ---Select--- market share in this city. Honda Civic shows ---Select--- market share in this city. Toyota Corolla shows ---Select--- market share in this city.


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