[See Steps] A group of department store buyers viewed a new line of dresses from a Paris fashion house and gave their opinions of them. The results were: Opinion
Question: A group of department store buyers viewed a new line of dresses from a Paris fashion house and gave their opinions of them. The results were:
Opinion No. of Buyers
Outstanding 47
Very Good 35
Good 40
Neither Good nor Bad 45
Not Very Good 39
Undesirable 34
Because the largest number (47) said "outstanding" M. Chemise - the chief designer -wishes to go into full production on this new line. The finance director M. Franc is more cautious and says that these differences are probably caused by chance and are not big enough to support this key decision.
- State the Null & Alternate Hypotheses
- State the decision rule using the 0.01 significance level
- What is your decision regarding Ho ?
(Show your calculations)
Deliverable: Word Document 
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