During "Sweeps Week" Last Year, the Viewing Audience Was Distributed

question 12

Essay

During "sweeps week" last year, the viewing audience was distributed as follows: 36% NBC, 22% ABC, 24% CBS, and 18% FOX. This year during sweeps week, a random sample of 50 homes yielded the following data. Use Excel to test at α = .05 to determine if the audience proportions have changed. $$\begin{array} { l l l l l l l l l l } \text { ABC } & \text { FOX } & \text { ABC } & \text { FOX } & \text { ABC } & \text { ABC } & \text { CBS } & \text { NBC } & \text { FOX } & \text { FOX } \\\text { NBC } & \text { ABC } & \text { CBS } & \text { ABC } & \text { NBC } & \text { NBC } & \text { NBC } & \text { CBS } & \text { FOX } & \text { ABC } \\\text { ABC } & \text { FOX } & \text { NBC } & \text { CBS } & \text { CBS } & \text { NBC } & \text { NBC } & \text { ABC } & \text { FOX } & \text { FOX } \\\text { NBC } & \text { NBC } & \text { NBC } & \text { NBC } & \text { FOX } & \text { ABC } & \text { FOX } & \text { NBC } & \text { FOX } & \text { CBS } \\\text { CBS } & \text { CBS } & \text { FOX } & \text { FOX } & \text { NBC } & \text { CBS } & \text { FOX } & \text { CBS } & \text { FOX } & \text { NBC }\end{array}$$

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Definitions:

Corrective Tax

A tax designed to encourage or discourage certain behaviors by including the cost of externalities, thereby correcting an inefficient market outcome.

Tax Revenue

The income that is gained by governments through taxation, serving as a primary source of financing government expenditures.

Tradable Pollution Permits

An economic strategy aimed at reducing pollution through financial motivations designed to cut down on pollutant emissions.

Corrective Taxes

Taxes imposed to correct the effects of a market failure, often used to discourage harmful behaviors and internalize externalities.