Direct mail advertisers send solicitations (junk mail) to thousands of potential customers in the hope that...
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Direct mail advertisers send solicitations ("junk mail") to thousands of potential customers in the hope that some will buy the company's product. The response rate is usually quite low. Suppose a company wants to test the response to a new flyer and sends it to 1140 people randomly selected from their mailing list of over 200,000 people. They get orders from 128 of the recipients. Use this information to complete parts a through d. a) Create a 90% confidence interval for the percentage of people the company contacts who may buy something. %. %) (Round to one decimal place as needed.) Direct mail advertisers send solicitations ("junk mail") to thousands of potential customers in the hope that some will buy the company's product. The response rate is usually quite low. Suppose a company wants to test the response to a new flyer and sends it to 1140 people randomly selected from their mailing list of over 200,000 people. They get orders from 128 of the recipients. Use this information to complete parts a through d. a) Create a 90% confidence interval for the percentage of people the company contacts who may buy something. %. %) (Round to one decimal place as needed.)
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Related Book For
Statistics for Business Decision Making and Analysis
ISBN: 978-0321890269
2nd edition
Authors: Robert Stine, Dean Foster
Posted Date:
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