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b) A rm specializing in agricultural products wants to conduct a test-market offering for one of its new products. A random sample of 800 potential
b) A rm specializing in agricultural products wants to conduct a test-market offering for one of its new products. A random sample of 800 potential customers is chosen to receive advertising material describing the new product. It is decided that wide-ranging advertising and promotion will occur only if the sample results provide strong evidence that the actual (population) response rate will exceed 10%. What decision will be made if 92 out of the 800 people make a purchase? Use a 5% significance level
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