Question 6.PR.7: A survey of 100 firms found the following evidence regarding...
A survey of 100 firms found the following evidence regarding profitability and market share:
| Profitability | Market share | ||
| <15% | 15–30% | >30% | |
| Low | 18 | 7 | 8 |
| Medium | 13 | 11 | 8 |
| High | 8 | 12 | 15 |
Is there evidence that market share and profitability are associated?
\chi^2(4) = 8.12 which is not significant at the 5% significance level. There appears to be no relationship between size and profitability.
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