Because of the Cost of Producing Television Shows and the Profits

question 58

Short Answer

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. $\begin{array} { | c | c | c | c | } \hline && { \text { Assessments of Televion Shows } } \\\hline \text { Person } & \text { Show 1 } & \text { Show 2 } & \text { Show 3 } \\\hline 1 & 6 & 4 & 7 \\\hline 2 & 5 & 4 & 5 \\\hline 3 & 7 & 6 & 8 \\\hline 4 & 7 & 7 & 8 \\\hline 5 & 9 & 9 & 9 \\\hline 6 & 5 & 7 & 6 \\\hline 7 & 4 & 4 & 5 \\\hline 8 & 6 & 3 & 7 \\\hline 9 & 5 & 6 & 6 \\\hline 10 & 7 & 7 & 8 \\\hline\end{array}$ Use Excel to find the exact p-value for this test.

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Definitions:

Balance Sheet Element

Components of a balance sheet which typically include assets, liabilities, and shareholders' equity.

GAAP

Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States.

Marketable Securities

Financial instruments that can be quickly converted into cash with minimal loss in value.

Unrealized Increase

The increase in value of an asset that has not yet been sold or disposed of. It represents potential profit, but it is not reflected in the financial statements until the gain is realized.