Question
You have been hired by the Detroit Red Wings to conduct a study about fan characteristics and attitudes in order to help the team management
You have been hired by the Detroit Red Wings to conduct a study about fan characteristics and attitudes in order to help the team management make decisions on where to allocate the marketing budget.
You decided to conduct your study using a z-Test for Two Proportions.
One of the questions you wished to have answered was:
Is the proportion of current season ticket holder fans who live in the city of Detroit and lease a private suite at the arena statistically different as compared to season ticket holders from the suburbs?
The survey yielded the following:
.....20 of the 400 Detroit season ticket holders lease private suites as compared to 30 of the 500 fans from the suburbs.
1......When you computed your z-Test Statistic, the denominator for this z-score is called the Standard Error for the Difference of Proportions. What is this value?
2...What was the Critical Value at = 0.01?
3...What was the p-value for this study?
4.... At = 0.01, would you Reject the Null Hypothesis? Yes or No??
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