The market share in 2010 of five firms that manufacture a particular Product. A marketing analyst wonders whether the market shares have changed since 2010. He surveys 200 customers. The last column of the table shows the number of customers who recently purchased the product at each firm.FirmMarket shared in 2010Number of recent Customers10.407020.326030.245440.021050.026 Specify the competing hypothesis to test whether the market shares have changed since 2010.Calculate the value of the test statistics.Use a = 0.05 to determine if the market shares have changed since 2010.

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Description: The market share in 2010 of five firms that manufacture a particular Product. A marketing analyst wonders whether the market shares have changed since 2010. He surveys 200 customers. The last column of the table shows the number of customers who re

1. Null Hypothesis: H0: The market shares are not changed since 2010. Alternative Hypothesis: H1:…

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MATLAB: An Introduction with Applications

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The market share in 2010 of five firms that manufacture a particular Product. A marketing analyst wonders whether the market shares have changed since 2010. He surveys 200 customers. The last column of the table shows the number of customers who recently purchased the product at each firm.

Firm	Market shared in 2010	Number of recent Customers
1	0.40	70
2	0.32	60
3	0.24	54
4	0.02	10
5	0.02	6

Specify the competing hypothesis to test whether the market shares have changed since 2010.
Calculate the value of the test statistics.
Use a = 0.05 to determine if the market shares have changed since 2010.

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