A phone company plans on offering their new smartphone in four colours: white, black, silver and rose gold. They anticipatethat 30% of shoppers will prefer white, 35% will prefer black, 20% will prefer silver and 15% will prefer rose gold. Theyperform market research by asking a random sample 350 potential customers which colour they prefer.Colour White Black Silver Rose GoldFrequency 100 130 85 35Can the company conclude that their observed frequencies are consistent with the expected distribution at a 5% level of significance?
*Please provide calculation using excel functions and in a step by step manner to give me understaning thank you in advance.
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