Software Upgrade A software company is trying to decide whether to produce an upgrade of one ofits programs. Customers would have to pay $100 for the upgrade. For the upgrade to be profitable,the company must sell it to more than 20% of their customers. You contact a random sample of 60customers and find that 16 would be willing to pay $100 for the upgrade. Do the sample data giveconvincing evidence that more than 20% of the company's customers are willing to purchase theupgrade? Carry out an appropriate test at the a=0.05 significance level. Which would be a moreserious mistake in this setting-a Type I error or a Type II error?

Random sample of=60 The company must sell its upgrade to more than 20% of their customers level of…

Answered: Software Upgrade A software company is…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Many fundraisers ask for donations using email and text messages. A paper describes an experiment to investigate whether the proportion of people who make a donation when asked for a donation by email is different from the proportion of people who make a donation when asked for a donation in a text message. In this experiment, 1.7% of those who received and opened an email request for a donation and 7.8% of those who received a text message asking for a donation actually made a donation. Assume that the people who received these requests were randomly assigned to one of the two groups (email or text message) and suppose that the given percentages are based on sample sizes of 2,000 (the actual sample sizes in the experiment were much larger). (Let p1 be the proportion who make a donation after receiving an email, and p2 be the proportion who make a donation after receiving a text message.) Find the test statistic and P-value. (Use a table or SALT. Round your test statistic to two…
Lynn University wants to examine whether students display better academic performance in class versus online. They have collected GPAs of two different samples of students, a sample from classes that take place in-person and a sample from classes that take place online. The data set is below. They predict that in-class students perform better than online students. GPA's In Class GPA Online GPA 4.0 4.0 3.5 2.2 3.7 3.3 3.5 3.7 2.0 2.5 3.2 3.8 3.3 3.8 What type of t-test should we use for this research question? Group of answer choices a) One sample b) Independent samples c) Paired Samples
Cable TV choices: A telecommunications company provided its cable TV subscribers with free access to a new sports channel for a period of one month. It then chose a sample of 415 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 25 of the 415 replied that they would be willing to pay. The marketing director of the company claims that less than 10% of all its subscribers would continue subscribing. Can you conclude that the director's claim is true? Use the α = 0.01 level of significance with the P-value method and Excel.
Frq styled response
several years ago, the Gallup Organization conducted a random survey of 1018 adults aged 18 or older living in the United States and asked if you had $1000 to spend. Do you think investing it in the stock market would be a good idea? The Gallup study concluded that 54% of those surveyed said they thought investing in the stock. Market was a good idea. A statician would like to take a random sample of 200 of those 1018 adults and ask them the same question again to see if people change their minds over time. Based on the Gallup survey a statician specs that 54% of their sample will say that investing $1000 in the stock market would be a good idea give or take 2.1% find the chance as a percentage that institutions random sample 51% or more of them would say that investing $1000 in the stock market is a good idea write your answer as a percentage.
A retailer is looking to evaluate its customer service. Management has determined that if the retailer wants to stay competitive, then it will have to have at least a 91% satisfaction rate among its customers. Management will take corrective actions if the satisfaction rate falls below 91%. They conduct a survey to determine if the satisfaction rate is lower than 91%. A survey of 1,450 customers showed that 1,305 were satisfied with their customer service. (a) Give the test statistic. (Round to two decimal places.) (b) Give the p-value (Round to three decimal places.) (c) State whether or not the management should take corrective action, based on a 5% significance level. Explain briefly.
Texting while driving has become a national focus now that cell phones are ubiquitous and texting while driving results in ever-increasing injuries and deaths. According to 2013 study, 44.5% of US Teenage drivers text while driving. You want to see how Gainesville teenage drivers compare to national teens. You randomly select 300 local high school students (ages 16-19) and ask if they have texted while driving within the past 30 days. The data is recorded in the table. Yes No 142 158 Find a 95% confidence interval for the percentage of teenage drivers who text while driving. Then explain what the confidence interval means in this context.

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS