An advertising agency collected a random sample of 300 businesses targeted with an advertising campaign for a large commercial bank. The sample was used to investigate the efficacy of the advertising campaign. One of the variables measured was whether the business was considering becoming a client of the bank. Of the businesses sampled, 50 of the 300 businesses reported that they were considering becoming a client of the bank. A hypothesis test was conducted to determine if this provides evidence that less than 20% of all businesses were considering becoming a client of the bank. Calculate the test statistic to two decimal places (2dp). Test statistic =

An advertising agency collected a random sample of 300 businesses targeted with an advertising campaign for a large commercial bank. The sample was used to investigate the efficacy of the advertising campaign. One of the variables measured was whether the business was considering becoming a client of the bank. Of the businesses sampled, 50 of the 300 businesses reported that they were considering becoming a client of the bank. A hypothesis test was conducted to determine if this provides evidence that less than 20% of all businesses were considering becoming a client of the bank. Calculate the test statistic to two decimal places (2dp). Test statistic =

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section: Chapter Questions

Problem 8CR

See similar textbooks