Question: Analysts evaluating a new program to encourage customer retention in
Analysts evaluating a new program to encourage customer retention in a test market find no evidence of an increased rate of retention in a test of 2000 customers. They based this conclusion on a test using α = 0.01. Would they have made the same decision at α = 0.05? How about α = 0.001? Explain.
Answer to relevant QuestionsHealth researchers at a large HMO base their cost predictions for measles on the belief that 98% of children have been vaccinated against measles. A random survey of medical records at many schools across the country found ...An enthusiastic junior executive has run a test of his new marketing program. He reports that it resulted in a “significant” increase in sales. A footnote on his report explains that he used an alpha level of 7.2% for ...Spam filters try to sort your e- mails, deciding which are real messages and which are unwanted. One method used is a point system. The filter reads each incoming e-mail and assigns points to the sender, the subject, key ...Consider again the task of the quality control inspectors in Exercise 34. a) In this context, what is meant by the power of the test the inspectors conduct? b) They are currently testing 5 items each hour. Someone has ...During an angiogram, heart problems can be examined via a small tube (a catheter) threaded into the heart from a vein in the patient’s leg. It’s important that the company that manufactures the catheter maintain a ...
Post your question