Describe conduct a goodness-of-fit test analysis, Operation Management

A survey performed by Simmons Market Research investigated the percentage of individuals in various age groups who indicated they were willing to pay more for friendly products. The results were presented in USA Today Snapshots (July 21, 2005). The survey had approximately 3,240 respondents in each age group. Results of the survey follow:

Age Group 18-24 25-34 35-44 45-54 55-64 65and over

Percentage 11 17 19 20 14 19

Conduct a goodness-of-fit test analysis to determine if the proportions of individuals willing to pay more for friendly products in the various age groups are equal. Use a significance level of 0.01.

Posted Date: 2/25/2014 12:13:08 AM | Location : United States

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