Question

In: Statistics and Probability

Several types of yogurt are sold in a small general store. From a past study of...

Several types of yogurt are sold in a small general store. From a past study of customer​ selections, the owner knows that 25​% of the customers ordered flavor​ A, 30​%, flavor​ B, 18​%, flavor​ C, 13​%, flavor​ D, and the​ remainder, flavor E. Now the​ owner, who thinks that the customer preferences have​ changed, randomly samples 80 customers and finds that 15 prefer​ A, 17 prefer​ B, 30 prefer​ C, 7 7 prefer E and the remainder prefer D. Determine if the​ customers' preferences have changed from the last study. Use significance level alpha α equals = 0.05

Solutions

Expert Solution

null hypothesis: Ho: ​ customers' preferences is same as from the last study.

alternate hypothesis:Ha: ​ customers' preferences have changed from the last study.

degree of freedom =categories-1= 4
for 0.05 level and 4 degree of freedom :rejection region = 9.488

applying chi square goodness of fit test:

           relative observed Expected residual Chi square
category frequency Oi Ei=total*p R2i=(Oi-Ei)/√Ei R2i=(Oi-Ei)2/Ei
A 0.250 15 20.000 -1.12 1.250
B 0.300 17 24.000 -1.43 2.042
C 0.180 30 14.400 4.11 16.900
D 0.130 11 10.400 0.19 0.035
E 0.140 7 11.200 -1.25 1.575
total 1.000 80 80 21.801

as test statistic 21.801 is in rejection region ; we reject null hypothesis

we have sufficient evidence at 0.05 level to conclude that customers' preferences have changed from the last study.


Related Solutions

The number of products sold for the past several months is given along with the forecasts...
The number of products sold for the past several months is given along with the forecasts using both 3-month moving average and exponential smoothing (α = .2). Determine the better forecast using the MSE. Month Sales 3-month moving average Error Exponential Smoothing Error Jan 13 Feb 18 March 15 Apr 12 May 14 June 15 July 10
The number of computers sold during one day by a small store is a random variable...
The number of computers sold during one day by a small store is a random variable XX with the following distribution: P(0)=0.12,P(1)=0.19,P(2)=0.19,P(3)=0.12,P(4)=0.06,P(5)=0.32P(0)=0.12,P(1)=0.19,P(2)=0.19,P(3)=0.12,P(4)=0.06,P(5)=0.32 a. Compute the expected value E(X)E(X). Give your answer two decimal places. E(X)=E(X)= b. Compute the standard deviation σ(X)σ(X). Give your answer two decimal places. σ(X)=σ(X)= 1 point) The problem below describes an experiment and defines a random variable. (a) Find the distribution of the random variable (and provide it as a chart). (b) Calculate the expected value...
Wolford Department Store is located in midtown Metropolis. During the past several years, net income has...
Wolford Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company’s fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Accounts Payable $ 34,304 Accounts Receivable 22,016 Accumulated Depreciation—Equipment 87,040 Cash 10,240 Common Stock 44,800 Cost of Goods Sold 786,304 Freight-Out 7,936 Equipment 200,960 Depreciation Expense 17,280 Dividends 15,360 Gain...
Wildhorse Department Store is located in midtown Metropolis. During the past several years, net income has...
Wildhorse Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company’s fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Accounts Payable$ 39,400 Accounts Receivable25,600 Accumulated Depreciation—Equipment102,000 Cash12,000 Common Stock52,500 Cost of Goods Sold914,940 Freight-Out9,730 Equipment238,590 Depreciation Expense20,700 Dividends18,000 Gain on Disposal of Plant Assets3,000 Income Tax Expense15,000 Insurance Expense13,500...
Specify several advantages of operating a small business when it comes to General and Administrative (G&A)...
Specify several advantages of operating a small business when it comes to General and Administrative (G&A) expenses. Determine the single most important advantage that you believe would benefit the small-business owner the most. Explain your answer.
In general, women's education levels and real wage rates have increased greatly over the past several...
In general, women's education levels and real wage rates have increased greatly over the past several decades. Also, women are increasingly participating in the workplace. What do these facts imply about the relative magnitudes of women's income and substitution effects?
Python/Thonny - In an office chair store, 3 types are sold: basic, standard and luxury. In...
Python/Thonny - In an office chair store, 3 types are sold: basic, standard and luxury. In addition there are normal customers and frequent customers. The price of the chairs is: Basic $ 700.00 each Standard $ 900.00 each Luxury $ 1,500.00 each The store owner has decided to give a 20% discount to frequent customers. In addition, it has decided to apply the following wholesale discount policy to normal customers: If your purchase is> = $ 10,000 and <$ 20,000...
Problem 5-4A Wolford Department Store is located in midtown Metropolis. During the past several years, net...
Problem 5-4A Wolford Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company’s fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Accounts Payable $ 34,840 Accounts Receivable 22,360 Accumulated Depreciation—Equipment 88,400 Cash 10,400 Common Stock 45,500 Cost of Goods Sold 798,590 Freight-Out 8,060 Equipment 204,100 Depreciation Expense 17,550 Dividends...
Bundoora College has a small book store that opens for students, staff and general public. Currently,...
Bundoora College has a small book store that opens for students, staff and general public. Currently, they use a manual order system. The manager asked you to build a database for them. You had an interview session with him and you get a general overview about the database requirements. The database should store: Orders information made by students, staff or general public. The order should have order number, the date and the time it is made. Customers details, so that...
The number of heart surgeries performed at Heartville General Hospital has increased steadily over the past several years.
The number of heart surgeries performed at Heartville General Hospital has increased steadily over the past several years. The hospital's administration is seeking the best method to forecast the demand for such surgeries in year 6. The data for the past five years are shown below. Year12345Demand4447545761The hospital's administration is considering the following forecasting methods. Begin error measurement in year 3, so all methods are compared for the same years i. Exponential smoothing, with a 0.6. Let the initial forecast for year...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT