A market share model is tested against observed data using a chi-squared goodness-of-fit test at a specified significance level.
A market share model predicts that car brand preferences in a specific region follow these probabilities:
In a random sample of 200 recent car buyers, the following counts were observed:
Perform a chi-squared goodness-of-fit test at the 1% significance level to determine whether the observed preferences are consistent with the predicted market share model.
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