EBK BASIC BUSINESS STATISTICS
EBK BASIC BUSINESS STATISTICS
14th Edition
ISBN: 9780134685090
Author: STEPHAN
Publisher: VST
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Chapter 9, Problem 59PS

A cellphone provider has the business objective of wanting to determine the proportion of subscribers who would upgrade to a new cellphone with improved features if it were made available at a substantially reduced cost. Data are collected from a random sample of 500 subscribers. The results indicate that 135 of the subscribers would upgrade to a new cellphone at a reduced cost.

a. At the 0.05 level of significance, is there evidence that more than 20% of the customer would upgrade to a new cellphone at a reduced cost?

b. How would the manager in charge of promotional programs concerning residential customers use the results in (a)?

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Chapter 9 Solutions

EBK BASIC BUSINESS STATISTICS

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