A conflict of interest scenario was presented to a sample of 205 marketingresearchers and that 111 of these researchers disapproved…
A conflict of interest scenario was presented to a sample of 205 marketing
researchers and that 111 of these researchers disapproved of the actions taken.
(a)Let p be the proportion of all marketing researchers who disapprove of the actions
taken in the conflict of interest scenario. Set up the null and alternative
hypotheses needed to attempt to provide evidence supporting the claim that a
majority (more than 50 percent) of all marketing researchers disapprove of the
actions taken.
(b)Assuming that the sample of 205 marketing researchers has been randomly
selected, use critical values and the previously given sample information to test
the hypotheses you set up in part (a) at the 0.1, 0.05, 0.01 and 0.001 levels of
significance. How much evidence is there that a majority of all marketing
researchers disapprove of the actions taken?
(c)Suppose a random sample of 1,000 marketing researchers reveals that 540 of the
researchers disapprove of the actions taken in the conflict of interest scenario. Use
critical values to determine how much evidence there is that a majority of all
marketing researchers disapprove of the actions taken.
(d)Note that in parts(b) and (c) the sample proportion is (essentially) the same.
Explain why the results of the hypothesis test in parts (b) and(c) differ.