Question

In: Economics

Eagle Outfitters is a chain of stores specializing in outdoor apparel and camping gear. They are...

Eagle Outfitters is a chain of stores specializing in outdoor apparel and camping gear. They are considering a promotion that involves mailing discount coupons to all their credit card customers. This promotion will be considered a success if more than 10% of those receiving the coupons use them. Before going national with the promotion, coupons were sent to a sample of 100 credit card customers. Click on the datafile logo to reference the data.

Excel or Minitab users: The data set is available in file named Eagle. All data sets can be found in your eBook or on your Student CD.

a. Develop hypotheses that can be used to test whether the population proportion of those who will use the coupons is sufficient to go national.

:  - Select your answer -greater than .10greater than or equal to .10equal to .10less than or equal to .10less than .10not equal to .10Item 1
:  - Select your answer -greater than .10greater than or equal to .10equal to .10less than or equal to .10less than .10not equal to .10Item 2

b. The datafile named Eagle contains the sample data. Develop a point estimate of the population proportion (to 2 decimals).

c. Use  to conduct your hypothesis test. Based on the sample of  credit card customers, should Eagle Outfitters go national with the promotion?
- Select your answer -Yes, Eagle should go national with the promotionNo, Eagle should not go national with the promotion; a larger sample should be taken

Solutions

Expert Solution

Rahul Sunny answered 1 year ago
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