Because of the Cost of Producing Television Shows and the Profits

question 87

Essay

Because of the cost of producing television shows and the profits associated with successful shows, television network executives are keenly interested in public opinion. A network has recently developed three comedy series. The pilot of each series is shown to 10 randomly selected people, who evaluate each show on a 9-point scale where 1 = terrible and 9 = excellent. The results are shown below. $\begin{array} { | c | c | c | c | } \hline && { \text { Assessments of Televion Shows } } \\\hline \text { Person } & \text { Show 1 } & \text { Show 2 } & \text { Show 3 } \\\hline 1 & 6 & 4 & 7 \\\hline 2 & 5 & 4 & 5 \\\hline 3 & 7 & 6 & 8 \\\hline 4 & 7 & 7 & 8 \\\hline 5 & 9 & 9 & 9 \\\hline 6 & 5 & 7 & 6 \\\hline 7 & 4 & 4 & 5 \\\hline 8 & 6 & 3 & 7 \\\hline 9 & 5 & 6 & 6 \\\hline 10 & 7 & 7 & 8 \\\hline\end{array}$ Using the appropriate statistical table, what statement can be made about the p-value for this test?

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Definitions:

Management Rights

The prerogative of an employer to make decisions about operational and managerial aspects of the business.

Personal Profits

Income or gains received by an individual from various sources, including employment, investments, or personal business ventures.

Capital Contribution

Funds or assets provided by partners or shareholders to increase the capital of a company or partnership.

Share Losses

The financial reductions in value or earnings experienced by shareholders as a result of a decrease in the price or profitability of the shares.