A television executive claims that the percent of households that watch the Macy's parade on Thanksgiving Day is under 65%. In a random sample of 171 households, 121 of them watched the parade. Can you show that the executive's claim is accurate using a 0.05 level of significance? Compute the Test Statistic.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A television executive claims that the percent of households that watch the Macy's parade on Thanksgiving Day is under 65%. In a random sample of 171 households, 121 of them watched the parade. Can you show that the executive's claim is accurate using a 0.05 level of significance?
Compute the Test Statistic.
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