SCENARIO 12-18 A Consulting Firm That Surveyed Consumers' Holiday Shopping Behavior Found

question 56

Short Answer

SCENARIO 12-18
A consulting firm that surveyed consumers' holiday shopping behavior found that the percentage of
consumers from the U.S., Canada, and China who said that they planned to spend more on holiday
shopping were 40%, 34% and 72%, respectively. Random samples of size 150 are selected from each
of the three countries.
You want to test for evidence of a difference among the proportions across the three countries using
the 0.05 level of significance.
-Referring to Scenario 12-18, the expected cell frequency for "did not plan to spend more on
holiday shopping" for Canada is __________.

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Definitions:

Proportion

An element or piece assessed regarding its comparison with the total sum.

Equilibrium

A state in which supply and demand are balanced, commonly used in economics to describe the condition where market supply equals market demand.

Payoff

The return or reward received from an investment or action, often analyzed in game theory and economics.

Proportion

A portion, fraction, or quantity that is seen in contrast to the entire entity.