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