A major videocassette rental chain is considering opening a new store in an area that currently does

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A major videocassette rental chain is considering opening a new store in an area that currently does not have any such stores; the chain will open if there is evidence that more than 5,000 of the 20,000 households in the area are equipped with videocassette recorders (VCRs). It conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have VCRs. State the null and alternative hypothesis tests of interest to the rental chain. Select one:
A. Ho: P 0.32 and Ha: P > 0.32
B. Ho: P 0.25 and Ha: P > 0.25
C. Ho: P 5000 and Ha: P > 5000
D. Ho: 0.32 and Ha: > 0.32
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Management Accounting Information for Decision-Making and Strategy Execution

ISBN: 978-0137024971

6th Edition

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

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