Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to a survey conducted by Groupe Everest on behalf of the National Bank and La Presse, 310 out of 400 Quebec SMEs with ten

According to a survey conducted by Groupe Everest on behalf of the National Bank and La Presse, 310 out of 400 Quebec SMEs with ten to two hundred employees claim to have adopted the Internet in their marketing strategy.

The president of the Chamber of Commerce of the Drummondville region specified, in a conference after members of the Chamber, that 80% of SMEs in the region have adopted the Internet in their marketing strategy. Is the data obtained from the obtained from the above-mentioned survey contradict the statement of the president of the Chamber of Commerce? Use a significance level of 5%. a) No, because the descriptive threshold is higher than the significance level. b) No, because the descriptive threshold is below the significance level. c) Yes, because the descriptive threshold is below the significance level. d) Yes, because the descriptive threshold is greater than the significance level.

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

Measure And Integral

Authors: Martin Brokate, Götz Kersting

1st Edition

331915365X, 9783319153650

More Books

Students also viewed these Mathematics questions