Some of your advertisements seem to get no reaction, as though they are being ignored by the public. You have arranged for a study to measure the public’s awareness of your brand before and after viewing a TV show that includes the advertisement in question. You wish to see if the ad has a statistically significant effect as compared with zero, representing no effect. Your brand awareness, measured on a scale from 1 to 5, was found to have increased an average of 0.22 point when 200 people were shown an advertisement and questioned before and after. The standard deviation of the increase was 1.39 points.
a. Identify the null and research hypotheses for a two-sided test, using both words and mathematical symbols.
b. Perform a two-sided test at the 5% significance level and describe the result.
c. Perform a two-sided test at the 1% significance level and describe the result.
d. State the p-value as either p > 0.05, p < 0.05, p < 0.01, or p < 0.001.
Some of your advertisements seem to get no reaction, as though they are being ignored by the...... ... significance level and describe the result. c. Perform a two-sided test at the 1% significance level and describe the result. d. State the p-value as either p>0.05, p
A market researcher was interested in studying the effect of advertisements on brand preference of...... ... dollars Fees-Sales charges (no or yes) Expense ratio-Ratio of expenses to net assets in percentage Return 2009-Twelve-month return in 2009 Three-year return-Annualized return, 2007-2009...
Translate the arguments in the following dialogue into standard-form categorical syllogisms. The...... ... I think when we decided to leave the nest and get married, we made our parents truly happy.\" \"Yeah,\" Lara replies. \"I think we did. So maybe we\'ve proved your case. Some kids, at least, end up...
Twenty-four patrons at a baseball game were observed in order to determine how many hot dogs each of them ate during the game. The following table contains the data. a. Construct a frequency distribution table for these data using single-valued classes.b. Calculate the relative frequency and...
e. Guardian\'s beginnings can be traced back to 1967, when it was set up to cater for the community\'s need for pharmaceutical and quality personal care products. Since then, the concept of providing specialised health and beauty products in a professional environment have gained popularity and...
Are there any locations that stand out as unusual and that might therefore warrant special study? Explain Melanoma Mortality. For Exercises, refer to Figure 3.26, which shows the female mortality rates from melanoma (a form of skin cancer) across the counties of the United States.
Avon Products, Inc., located in New York City, is one of the world\'s largest producers of beauty and related products. The company\'s consolidated balance sheets for the 2015 and 2014 fiscal years included the following ($ in thousands): A disclosure note accompanying the financial statements...
Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note? a. 130 b. 7800 c. 7930 d. 8050 e. 8130
A manufacturer wishes to assess the percentage of defective items in a large batch produced by a particular machine. He tests a random sample of 300 items and finds that 45 are defective. Calculate a 95% confidence interval for the percentage of defective items in the batch.
You are analyzing the results of a consumer survey of a product, rated on a scale from 1 to 10. For the 130 consumers who described themselves as “outgoing,” the average rating was 8.36, and the standard deviation was 1.82. For the 218 “shy” consumers, the average was 8.78, and the standard...
Repeat the previous problem for a different product. For 142 outgoing consumers, the average rating was 7.28, and the standard deviation was 2.18. For 277 shy consumers, the average rating was 8.78, and the standard deviation was 1.32. Repeat problem You are analyzing the results of a consumer...
Which method—method A or method B—gives the smallest MAD? The smallest MSD? The smallest MAPE? Compare two forecasting methods—method A and method B. Suppose that method A gives the point forecasts 57, 61, and 70 of three future time series values. Method B gives the point forecasts 59, 65,...