Dance club has a $20 start up fee and a $5 monthly fee M= B= Y=
1 answer:
You might be interested in
Answer:
Null and alternative hypothesis
Test statistic
P-value
The null hypothesis is rejected.
It is concluded that the proportion of households tuned into the program is less than 25%. The claim of the advertiser is rigth and got statistical support.
Step-by-step explanation:
We have to perform a hypothesis test of a proportion.
The claim is that less than 25% were tuned into the program, so we will state this null and alternative hypothesis:
The signifiance level is 0.01.
The sample has a proportion p=0.1 and sample size of n=6000.
The standard deviation of the proportion, needed to calculate the test statistic, is:
The test statistic is calculated as:
As this is a one-tailed test, the P-value is P(z<-26.82)=0. The P-value is smaller than the significance level (0.01), so the effect is significant.
Since the effect is significant, the null hypothesis is rejected. It is concluded that the proportion of households tuned into the program is less than 25%. The claim of the advertiser is rigth and got statistical support.