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A startup company wants to market a new soft drink. It decides to gamble by running commercials during the Super Bowl. The company hopes that the name recognition will be worth the cost of the ads. The goal of the company is that over 35% of the public recognize the brand name and associate it with soft drinks. The day after the Super Bowl, a pollster contacts 420 randomly selected adults and finds that 166 recognize the company name and that they produce soft drinks. State the nutt and alternativehypotheses and define the parameter of interest. b Caleulate the test statistit and the p-value. Draw the picture. &tnterpret the P-vatue in context d. What is the decision at the 0.05 significance level? e. What do you conclude?

A startup company wants to market a new soft drink. It decides to gamble by running commercials during the Super Bowl. The company hopes that the name recognition will be worth the cost of the ads. The goal of the company is that over 35% of the public recognize the brand name and associate it with soft drinks. The day after the Super Bowl, a pollster contacts 420 randomly selected adults and finds that 166 recognize the company name and that they produce soft drinks. State the nutt and alternativehypotheses and define the parameter of interest. b Caleulate the test statistit and the p-value. Draw the picture. &tnterpret the P-vatue in context d. What is the decision at the 0.05 significance level? e. What do you conclude?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A startup company wants to market a new soft drink. It decides to gamble by running commercials during the Super Bowl. The company hopes that the name recognition will be worth the cost of the ads. The goal of the company is that over 35% of the public recognize the brand name and associate it with soft drinks. The day after the Super Bowl, a pollster contacts 420 randomly selected adults and finds that 166 recognize the company name and that they produce soft drinks. State the nut and alternative hypotheses and define the parameter of interest. b Calculate the test statistit and the p-value. Draw the picture. Gtnterpret theP-vatue in context- d. What is the decision at the 0.05 significance level? |e. What do you conclude?
Transcribed Image Text:A startup company wants to market a new soft drink. It decides to gamble by running commercials during the Super Bowl. The company hopes that the name recognition will be worth the cost of the ads. The goal of the company is that over 35% of the public recognize the brand name and associate it with soft drinks. The day after the Super Bowl, a pollster contacts 420 randomly selected adults and finds that 166 recognize the company name and that they produce soft drinks. State the nut and alternative hypotheses and define the parameter of interest. b Calculate the test statistit and the p-value. Draw the picture. Gtnterpret theP-vatue in context- d. What is the decision at the 0.05 significance level? |e. What do you conclude?
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