With the pandemic, cleaning and sanitation products have become increasingly more popular. Pfizer is trying to expand their sales and market share among producers of hand sanitizer and would like to purchase advertising space on a major TV network during prime time. CBS and NBC seem to be the most likely options but Pfizer would like to test and see if there is really a difference in the viewership (which would influence their decision). Over the past 20 weeks, CBS has averaged 5.7 million viewers on Monday nights at the 8 PM timeslot with a standard deviation of .65 million viewers. NBC on the other hand has averaged 6.2 million viewers with a standard deviation of 1.3 million viewers. With an alpha of .05, construct a hypothesis test to see if there is a difference in viewership between the two networks. Construct a 95% confidence interval for the difference.

With the pandemic, cleaning and sanitation products have become increasingly more popular. Pfizer is trying to expand their sales and market share among producers of hand sanitizer and would like to purchase advertising space on a major TV network during prime time. CBS and NBC seem to be the most likely options but Pfizer would like to test and see if there is really a difference in the viewership (which would influence their decision). Over the past 20 weeks, CBS has averaged 5.7 million viewers on Monday nights at the 8 PM timeslot with a standard deviation of .65 million viewers. NBC on the other hand has averaged 6.2 million viewers with a standard deviation of 1.3 million viewers. With an alpha of .05, construct a hypothesis test to see if there is a difference in viewership between the two networks. Construct a 95% confidence interval for the difference.

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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