Should the company market its new product

Assignment Help Basic Statistics

Reference no: EM131373402

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.

Reference no: EM131373402

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