A Company Is Willing to Renew Its Publishing Contract with a Popular

question 59

Multiple Choice

A company is willing to renew its publishing contract with a popular statistics book author only if he can prove that his book can sell to more than 22% of the entire statistics market.The publishing company contacts 5000 statistics professors at random and only 1050 professors were interested in the book.Should the company renew the contract? Should the company renew the contract? State the critical value required to perform an appropriate hypothesis test using α = 0.01.

• A)2.576
• B)3.09
• C)2.326
• D)1.645
• E)1.96

---

Definitions:

Cohort

A group of people banded together or treated as a group, often used in studies to examine variables within a specified population section.

Cross-sectional

A type of observational study that analyzes data from a population, or a representative subset, at a specific point in time.

Early Adolescence

A developmental stage referring to the period between childhood and adolescence, typically ages 10 to 14.

School Age

A stage in human development that typically refers to the period when children attend primary and secondary school, generally between the ages of 5 and 18.