Based on the Nielsen Ratings, the Local CBS Affiliate Claims

question 130

Multiple Choice

Based on the Nielsen ratings, the local CBS affiliate claims its 11 p.m. newscast reaches 41% of the viewing audience in the area. In a survey of 81 viewers, 36% indicated that they watch the late evening news on this local CBS station. What is the z test statistic?

• A) 1.02
• B) 1.22
• C) -.91
• D) -1.22

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Definitions:

Positive Externality

A beneficial effect experienced by a third party due to a transaction or activity they were not involved in.

Property Values

The worth of real estate as determined by market conditions and the property's condition, location, and other factors.

Renovates

The process of improving or updating a building, room, or structure to make it more attractive or functional.

Marginal Social Benefit

The additional gain to society as a whole from producing or consuming one more unit of a good or service.