Testing the ads The company in Exercise 40 contacts 600 people selected at random, and only 133 remember the ad. a) Should the company renew the contract? Support your recommendation with an...

Testing the ads The company in Exercise 40 contacts 600 people selected at random, and only 133 remember the ad.

a) Should the company renew the contract? Support your recommendation with an appropriate test.

b) Explain what your P-value means in this context.