A Major DVD Rental Chain Is Considering Opening a New

question 64

Multiple Choice

A major DVD rental chain is considering opening a new store in an area that currently does not have any such stores.The chain will open if there is evidence that more than 5,000 of the 20,000 households in the area own DVD players.It conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have DVD players.
-The p-value associated with the test statistic in this problem is approximately equal to

• A) 0.0100.
• B) 0.0026.
• C) 0.0051.
• D) 0.0013.

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Definitions:

Global Teams

Diverse work groups that operate across different geographical locations, leveraging technological tools to collaborate and achieve common goals.

Global Team

A group of individuals working together from various geographical locations, leveraging digital tools to achieve common goals.

Native Language

The first language a person learns to speak in childhood, which is often the primary means of communication in their daily life.

Global Team

A group of individuals working across time zones, borders, and cultures towards a common business goal or project, often facilitated by technology.