The CPA Journal recently reported that the following are leaders in accounting software. In a recent market
Question:
The CPA Journal recently reported that the following are leaders in accounting software.
In a recent market share report, Data, Inc. reported the following information on LCD TV manufacturers:
| Company Name | Market Share |
Oracle (NetSuite) | 20% |
Sage Group Plc. | 10% |
Zeta Software | 5% |
Microsoft Corporation | 18% |
Xero Ltd. | 12% |
SAP SE | 9% |
Other | 26% |
You are an independent researcher in the accounting and finance industry. You collect a random sample small to large -sized accounting firms and asked what accounting software company they use in their practice.
You are looking to determine if the brand and market share are independent.
Company Name | Frequency |
Oracle (NetSuite) | 15 |
Sage Group Plc. | 6 |
Zeta Software | 8 |
Microsoft Corporation | 17 |
Xero Ltd. | 16 |
SAP SE | 12 |
Other | 15 |
Use α = 0.01. The critical value of this test from the Table is 16.81.
Tasks:
- Conduct the 5-step hypothesis test. Label each step in your work.
- interpret the conclusion in the context of given business problem.
- In the input box, type in the calculated statistical value. Round to three decimal places.
