[See Solution] A company is considering five possible names for its new product. Before choosing a name, the firm decides to test whether all five names are equally
Question:
A company is considering five possible names for its new product. Before choosing a name, the firm decides to test whether all five names are equally appealing. A random sample of 100 people is chosen, and each person is asked to state his or her choice of the best name among the five possibilities. The numbers of people who chose each one of the names are as follows.
Name: A B C D E
Number of Choices: 4 12 34 40 10
Conduct a chi-square test for goodness of fit and determine whether all five names are equally appealing.
Deliverable: Word Document 