MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A telecommunications company provided its cable TV subscribers with free access to a new channel for a month. It then chose a sample of 550viewers and asked them whether they would be willing to pay an extra $10 per month to continue access to the channel. A total of 35 replied that they would be willing to pay. The marketing director of the company claims that more than 7% of all its subscribers would be willing to pay. Can you conclude that the director's claim is true? Use the 1 percent level of significance.
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