Mutual Savings Bank of Appleton has done a market research survey in which people were asked to
Question:
a. Clara Wharton, marketing director for the bank, would like to test to see whether the rating for her bank is significantly greater than the norm of 7.01. Perform the appropriate hypothesis test for a 95 percent confidence level.
b. Draw a diagram to illustrate your result.
c. How would your result be affected if the sample size had been 100 rather than 400, with everything else being the same?
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Related Book For
Business Forecasting with Forecast X
ISBN: 978-0073373645
6th edition
Authors: Holton wilson, barry keating, john solutions inc
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