1. A National retail chain has 7 different strategies (S1 to S7) to increase its sell. None of these strategies work all the time. In the past they have used these strategies equal number of times and the following table shows the number time each strategy worked successfully. At the significance level .05, examine if all of the strategies are equally effective. Show and explain all five steps of the hypotheis test (show calculations).
The expert shows and explains the five step hypothesis strategy. A complete, neat and step-by-step solution is provided in the attached Excel file.