Refer to the Problem 1 tab in the Excel file. An analyst wished to understand if

Question

Refer to the Problem 1 tab in the Excel file. An analyst wished to understand if the market shares shown for November of 2016 had changed significantly by December of 2017. In order to do so, which hypothesis test is appropriate?

Test for the difference of two proportions

ANOVA

Goodness of Fit Test

Test of Independence

Test for the significance of correlation

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Explanation / Answer

Solution:- Goodness of Fit Test

An analyst wished to understand if the market shares shown for November of 2016 had changed significantly by December of 2017. In order to do so, the hypothesis test that is appropriate is Goodness of Fit Test

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