The brand executive of a company says that they have failed to meet their goal because less than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month. A random sample of 500 respondents indicated that 388 were familiar with the said commercial. If a p-value of 0.0901 is obtained, is this statement a valid inference at 5% level of significance? O No, we do not have sufficient evidence to say that the brand executive of that company failed to meet their goal because less than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month O Yes, we have sufficient evidence to say that the brand executive of that company failed to meet their goal because less than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month. Yes, we have sufficient evidence to say that the brand executive of that company failed to meet their goal because more than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month. O No, we do not have sufficient evidence to say that the brand executive of that company failed to meet their goal because more than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Transcribed Image Text:The brand executive of a company says that they have failed to meet their goal because less than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month. A random sample of 500 respondents indicated that 388 were familiar with the said commercial. If a p-value of 0.0901 is obtained, is this statement a valid inference at 5% level of significance? O No, we do not have sufficient evidence to say that the brand executive of that company failed to meet their goal because less than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month O Yes, we have sufficient evidence to say that the brand executive of that company failed to meet their goal because less than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month. Yes, we have sufficient evidence to say that the brand executive of that company failed to meet their goal because more than 80% of all target consumers are familiar with the shamp00 commercial that they had broadcast on radio and television during the past month. O No, we do not have sufficient evidence to say that the brand executive of that company failed to meet their goal because more than 80% of all target consumers are familiar with the shampoo commercial that they had broadcast on radio and television during the past month.

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