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TABLE 9-7 A Major Home Improvement Store Conducted Its Biggest Brand Recognition

question 85

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TABLE 9-7
A major home improvement store conducted its biggest brand recognition campaign in the company's history. A series of new television advertisements featuring well-known entertainers and sports figures was launched. A key metric for the success of television advertisements is the proportion of viewers who "like the ads a lot." A study of 1,189 adults who viewed the ads reported that 230 indicated that they "like the ads a lot." The percentage of a typical television advertisement receiving the "like the ads a lot" score is believed to be 22%. Company officials wanted to know if there is evidence that the series of television advertisements are less successful than the typical ad (i.e. if there is evidence that the population proportion of "like the ads a lot" for the company's ads is less than 0.22) at a 0.01 level of significance.
-Referring to Table 9-7, the null hypothesis will be rejected if the test statistic is


Definitions:

Jet Airplane Builder

A company or individual specialized in constructing aircraft powered by jet engines.

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A method used to assign costs to inventory for financial reporting purposes.

First-In, First-Out

A different articulation denoting an inventory management system where goods first added to inventory are the first to be sold.

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Inventory that includes the materials, labor, and overhead that are in the process of being transformed into finished goods.

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