Question: Please help me understand how to calculate the test statistic and the p value for this problem... A recent broadcast of a television show had
Please help me understand how to calculate the test statistic and the p value for this problem...
A recent broadcast of a television show had a 10 share, meaning that among 5000 monitored households with TV sets in use,10% of them were tuned to this program. Use a 0.01 significance level to test the claim of an advertiser that among the households with TV sets in use, less than 15% were tuned into the program. Identify the null hypothesis, alternative hypothesis, test statistic, P-value, conclusion about the null hypothesis, and final conclusion that addresses the original claim. Use the P-value method. Use the normal distribution as an approximation of the binomial distribution.
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