Business, 19.10.2019 01:30 aniah05

Amajor dvd rental chain is considering opening a new store in an area that currently does not have any such stores. the chain will open if there is evidence that more than 5,000 of the 20,000 households in the area are equipped with dvd players. it conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have dvd players. the rental chain's conclusion from the hypothesis test using a 5% level of significance is:
(a) to open a new store. not to open a new store.
(b)to delay opening a new store until additional evidence is collected.
(c)we cannot tell what the decision should be from the information given.

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Amajor dvd rental chain is considering opening a new store in an area that currently does not have a...

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