Cable TV choices: A telecommunications company provided its cable TV subscribers with free access to a new sports channel for a period of 1 month. It then chose a sample of 390 television viewers and asked them whether they would be willing to pay an extra $10 per month to continue to access the channel. A total of 30 of the 390 replied that they would be willing to pay. The marketing director of the company claims that more than 6% of all its subscribers would pay for the channel. Can you conclude that the director's claim is true? Use the=α0.10 level of significance and the P-value method with the table. a) State the appropriate null and alternate hypotheses. H0: H1: This hypothesis test is a (left/right/two-tailed) test.   b) Compute the P- value. Round at least four decimal places c) Determine whether to reject H0

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.