A Company Believes That It Controls More Than 30% of the Total

question 84

Multiple Choice

A company believes that it controls more than 30% of the total market share for one of its products.To prove this belief,a random sample of 144 purchases of this product is contacted.It is found that 50 of the 144 purchased this company's brand of the product.If a researcher wants to conduct a statistical test for this problem,the alternative hypothesis would be _______.

• A) the population proportion is less than 0.30
• B) the population proportion is greater than 0.30
• C) the population proportion is not equal to 0.30
• D) the population mean is less than 40
• E) the population mean is greater than 40

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Definitions:

Common Stock

Corporate stock that does not convey any preference to its holders.

Preferred Stock

Stock that conveys preferences to its holder with respect to assets and dividends.

Subscribers

Individuals or entities that agree to receive and often pay for a service or product regularly.

Unsecured Bond

A type of bond that is not backed by any collateral, making it a riskier investment option compared to secured bonds.