Course of action to the management of the company

Assignment Help Basic Statistics

Reference no: EM13990389

A local radio station advertises that at least 30% of listeners in its reception area tune into its daily news broadcasts. A company that is considering advertising on this radio station in its news slot wants to test the validity of this statement. They will place adverts in the news timeslots if the radio station's statement can be verified. The company conducted a telephone survey of 400 randomly selected listeners to test the radio station's statement. If 106 listeners in the survey indicated that they tuned into the local radio's news broadcasts, should the company place adverts in the radio station's news timeslots?

(a) Recommend a course of action to the management of the company, based on the results of a hypothesis test for a single proportion conducted at the 5% level of significance.

(b) Compute the p-value of the test statistic using Excel's NORMSDIST function. Interpret the p-value for the management of the company.

Reference no: EM13990389

Questions Cloud

Vehicle insurance advisor claim valid : Is the motor vehicle insurance advisor's claim valid? Formulate the null and alternative hypothesis and conduct a hypothesis test for a single proportion, using α = 0.05. Use the NORMSDIST function in Excel to compute the p-value of the test stati..

Key ways that an understanding of organizational behavior : Determine the key ways that an understanding of organizational behavior can contribute to the successful management of an organization. Explain your experience utilizing or witnessing the use of OB in your work environment.

What can ludmilla do to increase the success of expats : What has been the reason for the high failure rate of expatirate managers in Uzbekistan? What can Ludmilla do to increase the success of expats

What is in a project life cycle : Define what is and what not a project is. What is in a project life cycle? Define at least 3 different project life cycles from differing industries. Note that different scholars/practitioners define the components of a project’s life cycle different..

Course of action to the management of the company : Recommend a course of action to the management of the company, based on the results of a hypothesis test for a single proportion conducted at the 5% level of significance.

What extent were climate and disease key factors in product : Brief answers to the following questions. About 500 words all together together. To what extent were climate and disease key factors in producing economic and social change in Medieval Europe? Do natural conditions have a similar impact in the world ..

Internal control-enterprise risk management assignment : Internal Control and Enterprise Risk Management Assignment. Write a 1-page paper that summarizes the history of management’s involvement in creating ethical work environments. (Please cite reference)

Highlight three enterprise management causes : Highlight three enterprise management causes or considerations and three project management causes or considerations for the situation. Include what seemed to be missing.

How myers-briggs personality type is asset to organization : How my Myers-Briggs personality type is an asset to an organization?. How my Myers-Briggs personality type is a liability to an organization

User Account

All Pages