Significance level of guideline

Reference no: EM1317316

For many years TV executives used the guideline that 30 percent of the audiences were watching each of the prime-time networks and 10 percent were watching cable stations on a weekday night. A random sample of 500 viewers in the Tampa-St. Petersburg, Florida, area last Monday night showed that 165 homes were tuned in to the ABC affiliate, 140 to the CBS affiliate, 125 to the NBC affiliate, and the remainder were viewing a cable station.

At the .05 significance level, can we conclude that the guideline is still reasonable?

Reference no: EM1317316

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