CALLAWAY GOLF BALL HYPOTHESIS TEST (IN EXCEL)

Reference: Albright, S. C, & Winston, W. L. (2017). Business analytics: Data analysis and decision making (6th ed.).
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.

Reference: Albright, S. C, & Winston, W. L. (2017). Business analytics: Data analysis and decision making (6th ed.).
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.