WebZine. A magazine is considering the launch of an online edition. The magazine plans to go ahead

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WebZine. A magazine is considering the launch of an online edition. The magazine plans to go ahead only if it’s convinced that more than 25% of current readers would subscribe.

The magazine contacted a simple random sample of 500 current subscribers, and 137 of those surveyed expressed interest. What should the company do? Test an appropriate hypothesis and state your conclusion. Be sure the appropriate assumptions and conditions are satisfied before you proceed.

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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