A direct mail appeal for contributions from a university's alumni and supporters is considered to be too costly if less than 26% of the alumni and supporters provide monetary contributions. To determine if a direct mail appeal is cost effective, the fundraising director sends the direct mail brochures to a simple random sample of 310 people on the alumni and supporters mailing lists. They receive monetary contributions from 67 people. Does this evidence demonstrate that the direct mail campaign is not cost effective? Use a 0.02 level of significance. Step 2 of 3: Compute the value of the test statistic. Round your answer to two decimal places.

A direct mail appeal for contributions from a university's alumni and supporters is considered to be too costly if less than 26% of the alumni and supporters provide monetary contributions. To determine if a direct mail appeal is cost effective, the fundraising director sends the direct mail brochures to a simple random sample of 310 people on the alumni and supporters mailing lists. They receive monetary contributions from 67 people. Does this evidence demonstrate that the direct mail campaign is not cost effective? Use a 0.02 level of significance. Step 2 of 3: Compute the value of the test statistic. Round your answer to two decimal places.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.4: Collecting Data

Problem 6E

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