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 are equipped with DVD players. It conducts a telephone poll of 300 randomly selected households in the area and finds that 96 have DVD players. The rental chain's conclusion from the hypothesis test using a 3% level of significance is
A) to open a new store.
B) not to open a new store.
C) to delay opening a new store until additional evidence is collected.
D) We cannot tell what the decision should be from the information given.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: We have created a 95% confidence interval
Q28: If a researcher accepts a true null
Q30: An entrepreneur is considering the purchase of
Q33: We have created a 95% confidence interval
Q38: TABLE 9-3<br>An appliance manufacturer claims to have
Q47: TABLE 9-8<br>One of the biggest issues facing
Q90: If a researcher rejects a true null
Q99: TABLE 9-7<br>A major home improvement store conducted
Q123: "What conclusions and interpretations can you reach
Q153: You should report only the results of