What should the company do in given context

Reference no: EM131421645

A magazine is considering the launch of an online edition. The magazine plans to go ahead only if it's convinced that more than 25% of current readers would subscribe. The magazine contacted a simple random sample of 500 current subscribers, and 137 of those surveyed expressed interest. What should the company do?

Test an appropriate hypothesis and state your conclusion. Be sure the appropriate assumptions and conditions are satisfied before you proceed.

Reference no: EM131421645

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