In General, Before an Academic Publisher Agrees to Publish a Book

question 70

Short Answer

In general, before an academic publisher agrees to publish a book, each manuscript is thoroughly reviewed by university professors. Suppose that the Duxbury Publishing Company has recently received two manuscripts for statistics books. To help them decide which one to publish both are sent to 30 professors of statistics who rate the manuscripts to judge which one is better. Suppose that 10 Professors rate manuscript 1 better and 20 rate manuscript 2 better. Can Duxbury conclude at the 5% significance level that manuscript 2 is more highly rated than manuscript 1?
z-statistic = ______________
Reject if z < ______________
Conclusion: ______________
Duxbury ______________ conclude at the 5% significance level that manuscript 2 is more highly rated than manuscript 1.
What is the p-value of the test you just conducted?
______________

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Definitions:

Microfinance

The provision of small loans and other financial services to low-income entrepreneurs and small-business owners in developing countries.

Microcredit

Small loans given to entrepreneurs in developing countries as a way to foster economic development and alleviate poverty.

Entrepreneurs

Individuals who initiate, manage, and take on the risks of a business or enterprise, often bringing innovation to the market.

Microcredit

Refers to the provision of small loans to individuals in impoverished countries or regions to promote entrepreneurship and alleviate poverty.