Hypothesis Testing/ Standard Deviation/ Null

User Generated

Oreel55

Business Finance

BU 461

ashford university

Description

Callaway is thinking about entering the golf ball market. The company will make a profit if its market share is more than 20%. A market survey indicates that 140 of 624 golf ball purchasers will buy a Callaway golf ball.

In your initial post, answer the following questions:

  1. Is this enough evidence to persuade Callaway to enter the golf ball market?
  2. How would you make the decision if you were Callaway management? Would you use hypothesis testing?

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Explanation & Answer

Hi, Find attached the paper for your review.Let me know if you need anything edited or changed.Looking forward to working with you again in future.Thank you.
Attached.

The hypothesis test in this case will test for the difference between the sample proportion and the population pro
n

Z statistic
Z α (0.05)

624


p

0.2
0.224

1.4988
1.645

Z α (0.05) = 1.645

Z α ˃ Zc
This leads us to fail to reject the null hypothesis at the 0.05 confidence level.
This means 0.224 is not significantly greater or rather different from 0.2
As such, this is not enough evidence to persuade Callaway to enter the gol...


Anonymous
Goes above and beyond expectations!

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