Question: Based upon the input from Units 1 and 2 , you have just received your next assignment that will contribute to your next decision. For
Based upon the input from Units and you have just received your next assignment that will contribute to your next decision. For the outdoor sporting goods client, based upon your prior decision on whether or not to either expand to the next market or retain your current position, justify your decision further utilizing the ChiSquare Distribution tool. One key criterion point: You do not have adequate data to formulate a full ChiSquare for the outdoor sporting goods client. However, you do have sufficient data to initiate this process. You are charged to demonstrate the initial steps of a nonparametric test that are qualitative. Utilizing the null and alternative hypothesis, further present your justifications for your selection and what it means beyond the mere formulas. What is this going to tell the Board of Directors and contribute to the decisionmaking process?The following information may be helpful in understanding ChiSquare and hypothesis testing:
ChiSquareand Hypothesis Testing
Please reviewthis helpful video. The presenter uses the "flip of the coin" and the "role of the die." These are examples and analogies used in the CTU resources.
The following are assumptions you might make in this assignment that might make the assignment more helpful and make the responses more uniform:
Continue to utilize the Big D scenario. Work under the assumption that the sample is based upon two different proposed product lines.
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