Assume Marketing Survey Involves Product Recognition in New York and California

question 58

Essay

Assume marketing survey involves product recognition in New York and California. Of 558 New
Yorkers surveyed, 193 knew the product while 196 out of 614 Californians knew the product.
At the 0.05 significance level, test the claim that the recognition rates are the same in both
states. Include your null and alternative hypotheses, the test statistic, P-value or critical value(s),
conclusion about the null hypothesis, and conclusion about the claim in your answer.

---

Definitions:

Common Shareholders

Individuals or entities that own shares in a corporation, giving them rights to dividends and a say in company matters through voting.

Bondholders

Individuals or institutions that hold the debt securities issued by corporations or governments, thus lending them money in exchange for periodic interest payments and the return of principal at maturity.

Stock Investment

The act of spending money to purchase shares in a company, aiming to earn dividends or sell the shares at a higher price for profit.

Strike Price

The price at which an optioned stock can be bought or sold. Also called the exercise price or striking price.