dolution

A survey by Ipsos-Reid reported in American Demographics showed that if a person was given a $1,000 wind-fall, 36% would spend the money on home improvement, 24% on leisure travel/vacation, 15% on clothing, 15% on home entertainment or electronic products, and 10% on local entertainment including restaurants and movies. Suppose a researcher believes that these results would not be the same if posed to Europeans. The researcher conducts a new survey interviewing 200 randomly selected European adults asking these same questions. A chi-square goodness-of-fi t test is conducted to compare the results of the new survey to the one takenbyIpsos-Reid. The Excel results follow. The observed and expected values are for the categories as already listed and appear in the same order. Discuss the findings. How did the distribution of results from the new survey compare to the old? Discuss the business implications of this outcome.