Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A start-up company is about to market a new computer printer. It decides to gamble by running commercials during a championship game. The company hopes

image text in transcribed
A start-up company is about to market a new computer printer. It decides to gamble by running commercials during a championship game. The company hopes that name recognition will be worth the high cost of the ads. The goal of the company is that over 40% of the public recognize its brand name and associate it with computer equipment. The day after the game, a pollster contacts 416 randomly chosen adults and finds that 182 of them know that this company manufactures printers. Would you recommend that the company continue to advertise during the championship game? Explain. (Consider a result to be surprising if the probability of observing it given your expectations is less than 0.05.) Determine the hypotheses for this test. Choose the correct answer below. O A. Ho: p > 0.4 vs. HA: p = 0.4 O B. Ho: p = 0.4 vs. HA: P > 0.4 O C. Ho: p = 0.4 vs. HA: P = 0.4 O D. Ho: p = 0.4 vs. HA: P = 0.4 Compute the test statistic. Select the correct choice below, and, if necessary, fill in the answer box to complete your choice. O A. The test statistic is . (Round to two decimal places as needed.) O B. The test statistic cannot be calculated. The conditions for a hypothesis test are not all met. Calculate the P-value. Select the correct choice below, and, if necessary, fill in the answer box to complete your choice. O A. The P-value is .(Round to three decimal places as needed.) O B. The P-value cannot be calculated. The conditions for a hypothesis test are not all met. Would you recommend that the company continue to advertise during the championship game? O A. Yes, because the null hypothesis is rejected. Thus, there is sufficient evidence that more than 40% of the public recognizes the product. O B. No, because the null hypothesis is rejected. Thus, there is insufficient evidence that more than 40% of the public recognizes the product. O C. Yes, because the null hypothesis is not rejected. Thus, there is sufficient evidence that more than 40% of the public recognizes the product. O D. No, because the null hypothesis is not rejected. Thus, there is insufficient evidence that more than 40% of the public recognizes the product

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamical Systems With Applications Using MATLABĀ®

Authors: Stephen Lynch

2nd Edition

3319068202, 9783319068206

More Books

Students also viewed these Mathematics questions