Based on the Nielsen Ratings, the Local CBS Affiliate Claims $\pi$

question 97

Multiple Choice

Based on the Nielsen ratings, the local CBS affiliate claims its 11:00 PM newscast reaches 41% of the viewing audience in the area. In a survey of 100 viewers, 36% indicated that they watch the late evening news on this local CBS station. What is the alternate hypothesis?

• A) \(\pi\) = 0.36
• B) \(\pi\) = 0.41
• C) \(\pi\)\(\neq\) 0.41
• D) µ \(\neq\)0.41

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Definitions:

Discount Rate

In the realm of discounted cash flow analysis, this interest rate is used to calculate the present value of expected future cash flows.

Payments

The process of transferring money in exchange for goods or services or as fulfillment of obligations.

Years

A unit of time equal to 365 days (or 366 in a leap year), used to measure duration or age.

Compounded Monthly

The process where interest earned on a loan or investment is calculated and added to the principal amount each month, facilitating growth in the investment or debt.