A movie production company is releasing a movie with the hopes of many viewers returning to see the movie in theater for a 2nd time. The target is to have 30 million viewers and they want more than 30% of the viewers to return to see the movie again. They show the movie to a test audience of 200 people. After the movie they asked them if they would see the movie in theaters again. Of the test audience 68 people said they would see it again.

A. Explain what the p-value is
B. What is the p-value for the test statistic.
C. What is the statistical devision when the alpha=0.05
D. Explain the managerial conclusion for this situation.

Respuesta :

Answer: p-value  = 0.1085 and we will not reject the null hypothesis.

Step-by-step explanation:

Since we have given that

Hypothesis are :

[tex]H_0:p=0.3\\\\H_1:p>0.3[/tex]

Here, n = 200

x = 68

So, [tex]\hat{p}=\dfrac{68}{200}=0.34[/tex]

So, the test statistic value would be :

[tex]z=\dfrac{\hat{p}-p}{\sqrt{\dfrac{p(1-p)}{n}}}\\\\z=\dfrac{0.34-0.3}{\sqrt{\dfrac{0.3\times 0.7}{200}}}\\\\z=\dfrac{0.04}{0.0324}\\\\z=1.234[/tex]

So, the value of statistic value is 1.234.

And the p-value = 0.1085 at 5% level of significance.

So, 0.1085 <  1.234,

So, we will not reject the null hypothesis.

Hence, p-value  = 0.1085 and we will not reject the null hypothesis.

The value of p is 0.34.

The value of the static hypothesis is 1.23.

The statistical division when the alpha = 0.05 is 0.1085.

The value of the statical hypothesis is greater than the null hypothesis and the value of p so the value of not rejects the null hypothesis.

Given that,

A movie production company is releasing a movie with the hopes of many viewers returning to see the movie in the theater for a 2nd time.

The target is to have 30 million viewers and they want more than 30% of the viewers to return to see the movie again.

They show the movie to a test audience of 200 people.

Of the test audience, 68 people said they would see it again.

We have to determine,

A. Explain what the p-value is?

B. What is the p-value for the test statistic.

C. What is the statistical division when the alpha = 0.05

D. Explain the managerial conclusion for this situation.

According to the question,

1. The null hypothesis is,

[tex]\rm H_0; p =3\\\\H_1 ; = p>0.3[/tex]

They show the movie to a test audience of 200 people.

n = 200

And of the test audience, 68 people said they would see it again.

x = 68

Then the value of p is,

[tex]=\dfrac{68}{200}\\\\=0.34[/tex]

The value of p is 0.34.

2. The test hypothesis is,

[tex]\rm z =\dfrac{p-p_1}{\sqrt{\dfrac{p(1-p)}{n}}}\\\\ z =\dfrac{0.34-0.3}{\sqrt{\dfrac{0.3(1-0.3)}{200}}}\\\\ z =\dfrac{0.04}{\sqrt{\dfrac{0.3\times 0.7}{200}}}\\\\ z =\dfrac{0.04}{\sqrt{\dfrac{0.21}{200}}}\\\\ z =\dfrac{0.04}{0.0324}\\\\z = 1.234[/tex]

The value of the static hypothesis is 1.234.

3. The p-value = 0.1085 at 5% level of significance.

So, 0.1085 <  1.234,

Here the null hypothesis is not rejected.

Hence, p-value  = 0.1085, and we will not reject the null hypothesis.

4. The value of the statical hypothesis is greater than the null hypothesis and the value of p so the value of not rejects the null hypothesis.

For more details click the link given below.

https://brainly.com/question/18666111