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A Netflix executive is trying to decide whether to renew a Netflix original show for a third season. To be eligible for renewal, the average
A Netflix executive is trying to decide whether to renew a Netflix original show for a third season. To be eligible for renewal, the average audience score must be significantly greater than = 75. The show's mean audience rating is M = 78 and the variance is s2 = 25. a. If the sample has n = 4 scores, then calculate the estimated standard error and determine whether the sample is sufficient to conclude that the show's rating is significantly higher than the minimum score for renewal. Use a two-tailed test with = .05. Based on this sample, is the show eligible for renewal
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