Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Coles and Woolworths exist as two large competitors in the supermarket retail industry. A marketing firm is interested in measuring dominancy in this specific industry by observing the percentage of market share over several months. Data collected over the months of January to July is shown below with incomplete data for the month of July. The firm is interested in knowing if there is a significant difference amongst the popularity of the two stores. We do not assume that the population is normally distributed. Use alpha as 0.05. J F M A M J J Woolworths 48 52 48 44 51 49 Coles 47 42 46 48 44 49 45

1. State the direction of the alternative hypothesis used for this test. Type gt (greater than), ge (greater than or equal to), lt (less than), le (less than or equal to) or ne (not equal to) as appropriate in the box. Blank 1

2. Assuming Woolworths is considered group 1, what is the value of U1? (To the nearest whole number) Blank 2

3. Is the null hypothesis rejected? (Enter yes or no) Blank 3

4. On the basis of this test, is there a difference between the popularity of the two stores? (enter yes or no) Blank 4

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91231787

Have any Question?


Related Questions in Microeconomics

Question johns project has a five year term a first cost no

Question: John's project has a five year term, a first cost, no salvage value, and annual savings of $20000. After doing present worth and annual worth calculations with a 17% interest rate, John noticed that the calcula ...

Question - janet spends 20000 per year on painting supplies

Question - Janet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm- one offer were for $100,000 per year, and the other was for $90,000. How ...

Question a region is in the middle of a very cold and snowy

Question: A region is in the middle of a very cold and snowy winter. As a result, hot chocolate has become more desirable, and many of the shipping channels for imported goods have closed due to the weather. What will ha ...

Question hypothesis testing z tests olae oil beauty lotion

Question: Hypothesis Testing: z Tests. Olae Oil Beauty Lotion is a skin moisturizing product that contains rich oils, blended especially for overly dry or neglected skin. The product is sold in 5-ounce bottles by a wide ...

Question what is meant by absolute poverty what measures of

Question: What is meant by absolute poverty? What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP's Multidimensional poverty index? Why should we be c ...

Question 1 200 wordsafarmer fitzgerald was heard saying my

Question 1 (200 words) (a) Farmer Fitzgerald was heard saying "My farm is profitable, but I can't afford to stay in business any longer. I am going to sell the farm and teach at the local TAFE College.' In what sense is ...

Question the abc corporation has an investment opportunity

Question: The ABC Corporation has an investment opportunity that costs $175,000 and 9 years later pays a lump-sum amount of $415,000. What percent interest rate per year would be earned on this investment. Calculate your ...

Question labor markets are matching markets in which

Question: Labor markets are "matching markets," in which prospective employees are ultimately matched with job vacancies, and the quality of the match has a large impact on its productivity. a. Economists and sociologist ...

Question explain why hong kong and singapore have about the

Question: Explain why Hong Kong and Singapore have about the same growth rates even though the ratio of investment to GDP is twice as high in Singapore as in Hong Kong. The response must be typed, single spaced, must be ...

Question - let us suppose that a hospital wants to set

Question - Let us suppose that a hospital wants to set their fees for an overnight stay such that the contribution margin on a hospital room will be 35%. The cost to the hospital of an overnight stay (staff, physical equ ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As