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Mathematics, 21.04.2020 16:53 ozzy1146

A movie production company is releasing a movie with the hopes of many viewers returning to see the movie in theater for a 2nd time. The target is to have 30 million viewers and they want more than 30% of the viewers to return to see the movie again. They show the movie to a test audience of 200 people. After the movie they asked them if they would see the movie in theaters again. Of the test audience 68 people said they would see it again.

A. Explain what the p-value is
B. What is the p-value for the test statistic.
C. What is the statistical devision when the alpha=0.05
D. Explain the managerial conclusion for this situation.

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