Determining the resulting frequency data

Assignment Help Business Economics
Reference no: EM132083332

A researcher is interested consumer preferences among three brands of smartphones. A sample of 90 people is obtained, and each individual is asked to indicate his/her favorite brand. The resulting frequency data are as follows: 

Brand A- 37

Brand B- 21

Brand C- 32

Do the data indicate any significant preferences among the three brands of smartphones? Test at the .05 level of significance.

-null and alternative hypotheses

-compute Chi2 statistic

-find in the B.7 table & write down a critical value of Chi2 that you've used for the decision about H0

-the conclusion

Reference no: EM132083332

Questions Cloud

Draw a red dun on the first draw : What is the probability that you draw a red dun on the first draw, don't put the red dun back, and then draw either a red dun or a bay on the second draw?
Write a program that reads four triathlon race time records : The name of the file is racedat.txt. Each line of the file represents one record and contains an athlete identifier and three numeric value.
Prepare the journal entries on december : On December 31, 2013, when its Allowance for Doubtful Accounts had a debit balance of $1,400, Prepare the journal entries on December 31, 2013, May 11, 2014
Describe network technology in some detail : Networks, such as wireless WAN and LAN, are essential to mobile and pervasive computing because they provide access to information from practically anywhere.
Determining the resulting frequency data : A sample of 90 people is obtained, and each individual is asked to indicate his/her favorite brand. The resulting frequency data are as follows:
Journalize the transactions : On January 1, 2014, Oswalt Company had Accounts Receivable of $54,200, Journalize the transactions
Why is an understanding of risk and risk management : Why is an understanding of risk and risk management so important to an effective and successful information security program?
Write a program that allows a single player to play : Write a program that allows a single Player (the user) to play a simple four dice game of chance against "The Odds".
Calculate operating income for the period : Selling, general, and administrative expenses were $165,000; net sales were $750,000; Calculate operating income for the period

Reviews

Write a Review

Business Economics Questions & Answers

  Marginal benefit that beth receives from the second sandwich

Beth has two sandwiches for lunch. The marginal benefit that beth receives from the second sandwich is _________.

  Assume that the price elasticity of demand

Assume that the price elasticity of demand is −.5 for a certain firm's product. If the firm decreases price, the firm's managers can expect total revenue to: Maximizing total benefits is never equivalent to maximizing net benefits. Maximizing total b..

  Lump sum tax cause the after tax consumption schedule

Does a lump sum tax cause the after tax consumption schedule to be flatter than the before tax consumption schedule.

  Draw supply and demand curve and show equilibrium

Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and dema..

  Zero cumulative surplus

How much does your firm need to borrow to have a zero cumulative surplus? (Round answer to 0 decimal places, do not round intermediate calculations)

  About the price elasticity of demand for the stores goods

Suppose that a jewelry store found that when it increased prices by 10 percent, sales revenue increased by 3 percent. Which of the following is true about the price elasticity of demand for the store's goods?

  Us bureau of labor statistics

On Friday August 4, 2017, the US Bureau of Labor Statistics (BLS) published the following data for July 2017:

  What the phantom or compensated budget constraint represents

Explain clearly what the "phantom" or compensated budget constraint represents. Explain clearly what the income and substitution effects are. Use examples if you wish.

  The fed has allowed the money supply to expand beyond

Recently, the Fed has allowed the money supply to expand beyond its long-term target range. Does this affect your expectation of what the Fed will decide at its upcoming meeting?

  The supply of and demand for bank reserves determines

The supply of and demand for bank reserves determines the

  Relationships in energy consumption-financial development

Modelling the Relationships between Energy Consumption, Financial Development, and Economic Growth in Nigeria from 1980 - 2015: Evidence from Cointegration with Unknown Structural Breaks

  Is your good a normal good or an inferior good

You are the marketing manager for XYZ Corp. You have this regression result for your product: Q = 2000 - 3.S*P + 1 .2*1. Right now, your price is 10, and the average income of your customers is $30,000. Compute income elasticity? Is your good a norma..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd