(p. 337). Recall that the researchers collected BACKERS data on the number of crowdfunding backers for each...

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(p. 337). Recall that the researchers collected BACKERS data on the number of crowdfunding backers for each in a sample of 1,460 entrepreneurial projects pitched on the internet via video. The data is saved in the BACKERS file. Again, define m as the true mean number of crowdfunding backers for all entrepreneurial projects pitched via the internet. Suppose the researchers want to know if m differs from 200 using a statistical test of hypothesis. Use the accompanying Minitab printout to conduct the test. What is your conclusion? Explain why the 90% confidence interval (shown on the printout) will lead to the same conclusion.

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Statistics For Business And Economics

ISBN: 9781292413396

14th Global Edition

Authors: James McClave, P. Benson, Terry Sincich

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