Microsoft Corporation makes software packages for use in microcomputers. The company believes that if at least 25%
Question:
Microsoft Corporation makes software packages for use in microcomputers. The company believes that if at least 25% of present owners of microcomputers of certain types would be interested in a particular new software package, then the company will make a profit if it markets the new package. A company analyst therefore wants to test the null hypothesis that the proportion of owners of microcomputers of the given kinds who will be interested in the new package is at most 0.25, versus the alternative that the proportion is greater than 0.25. A random sample of 300 microcomputer owners shows that 94 are interested in the new Microsoft package. Should the company market its new product? Report the p-value.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian