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Question 2 ome USE THE FOLLOWING INFORMATION FOR QUESTIONS 2 - 5 ouncements In addition to traditional marketing strategies, marketing through social media has become

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Question 2 ome USE THE FOLLOWING INFORMATION FOR QUESTIONS 2 - 5 ouncements In addition to traditional marketing strategies, marketing through social media has become increasingly important. This is particularly true for relatively small companies that do not have large ules marketing budgets. One study of Austrian food and beverage companies compared the use of audio/video sharing through social media by large and small companies. Companies were classifed Us as small or large based on whether their annual sales were greater than or less than 135 million sions euros. The table below (also included in the Excel sheet) shows the frequency of companies that use audio/video sharing on social media. ments Frequency of companies that Company size use audio/video sharing on Sample size social media Small company 150 178 Large company A researcher would like the determine if the proportion of companies who use audio/video sharing uation on social media is higher for small companies than large companies using a = 0.001. The following hypotheses will be used: Ho: Psmall - Plarge = 0 HA Pomall - Plarge > 0 Calculate the test statistic. Answer to three decimal places as needed. Show your calculations in your Excel file on the sheet for this question so that the instructor can award partial marks. Question 3 0.75 pts What critical value would be used for the hypothesis test in the previous question? Answer to three decimal places as needed. You do not need to complete the other steps of this hypothesis test. Question 4 1 pts Describe what a Type I error for this test would be for the hypothesis test described in Question 2. Fill in the blanks below to answer the question. A Type I error would be concluding the proportion of companies who use audio/video sharing on social media is [ Select ) for small companies compared to large companies when in actuality the proportion of companies who use audio/video sharing on social media is [ Select ] V for small companies compared to large companies. Question 5 1 pts the blanks below

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