Question: 1)A magazine is considering the launch of an online edition. The magazine plans to go ahead only if it is convinced that more than 15%
1)A magazine is considering the launch of an online edition. The magazine plans to go ahead only if it is convinced that more than 15% of current readers would subscribe. The magazine contacted a simple random sample of 500 current subscribers, and 97 of those surveyed expressed interest. What should the magazine do?
a)What is the value of the test statistic?
A.The test statistic is _______.
(Round to two decimal places as needed.)
B.The assumptions and conditions are not met, so the test cannot proceed.
b)What is the P-value of the test statistic?
A.P-value=________
(Round to three decimal places as needed.)
B. The assumptions and conditions are not met, so the test cannot proceed.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
