business that produces foreign brand sneakers claims to have more than 30% of the market share...

business that produces foreign brand sneakers claims to have more than 30% of the market share in the Aegean Region. For this purpose, it was observed that this brand was preferred by 89 people from 850 people in an area survey. α = 0.08 . (C: H0 Is not reject)

Expert Solution

orchestra answered 2 years ago

Suppose that you are the market leader and have more than 70% of market share. There...

Suppose that you are the market leader and have more than 70% of market share. There are 5 other smaller players in the market. As the market leader you realized that the market price is substantially lower than what it should be. One of your managers argue that your company should raise the price first and then the others would follow. Is the manager correct? Provide your answer based on oligopoly and game theory concepts.

The jobless claims in both the United States (US) and Europe have hit more than 30...

The jobless claims in both the United States (US) and Europe have hit more than 30 million each due to Coronavirus, which is expected to rise further in the coming weeks. This implies an unprecedented slowdown in two of the world's largest economies and thus a lower consumer demand. Question: How this rise in unemployment would affect the inflation and interest rates in these regions (US and Europe)? Provide the reasons for your answer as well.

An ad valorem tax of 30% applies to Nike sneakers which have a market price (i.e....

An ad valorem tax of 30% applies to Nike sneakers which have a market price (i.e. price including the tax) of $80 per pair. What price (in dollars) should be used for a pair of sport shoes in an efficiency CBA under each of the following sets of circumstances? (You must also give an example for each of the 8 scenarios below to explain the why you chose that price) a. The tax is distortionary, and the commodity is a...

A producer claims that the useful life of the radios it produces is more than 15...

A producer claims that the useful life of the radios it produces is more than 15 years. When asked to submit evidence of this claim, he obtains the names of 15 clients from his files and asks each one about the life of the radios. From these measurements he calculates an average lifespan of 17 years with a standard deviation of 2 years. If μ x is the actual mean of the useful life of the radios, what assumption is...

A business students claims that on average an MBA students is required to prepare more than...

A business students claims that on average an MBA students is required to prepare more than five cases per week. To examine the claim, a statistics professor ask a random sample of ten MBA students to report the number of cases they prepare weekly. The results are given below. Can the professor conclude that the claim is true, at the .05 level of significance, assuming the number of cases is normally distributed with a standard deviation of 1.5? 2 7...

A researcher claims that more than 30 percent of students of WPU use reading glasses. A...

A researcher claims that more than 30 percent of students of WPU use reading glasses. A consumer agency wants to test this claim. The agency takes a random sample of 120 students and finds that 60 of them use reading glasses. If the agency conducts hypothesis testing, which would be the computed p-value for the test? 4.7 4.8 0.2 0.7 None of the above

24. A business claims that no more than 1.2% of all its products do not meet...

24. A business claims that no more than 1.2% of all its products do not meet the minimum government standards. A survey of 450 products revealed that 10 did not meet the standards. If the level of significance is 0.02, what should be the decision in the test? A. Reject the null hypothesis, and agree that more than 1.2% of products fail to meet government standards. B. There is insufficient evidence to reject the null hypothesis. C. Do not reject...

8. A researcher claims that more than 35% of U.S. adults have been a victim to...

8. A researcher claims that more than 35% of U.S. adults have been a victim to identity theft. In a random sample of 490 U.S. adults, 192 of them have been a victim to identity theft. a) Is there enough evidence to support the researchers claim at the 1% level of significance? b) Is there enough evidence to support the claim at the 10% level of significance?

An exterminator claims that no more than 10% of the homes he treats have termite problems...

An exterminator claims that no more than 10% of the homes he treats have termite problems within 1 year after treatment. In a sample of 100 homes, local officials find that 14 had termites less than 1 year after being treated. At the 0.05 level of significance, evaluate the credibility of the exterminator’s statement. (P-Value Approach)

- The jobless claims in both the United States (US) and Europe have hit more than...

- The jobless claims in both the United States (US) and Europe have hit more than 30 million each due to Covid-19, which is expected to rise further in the coming weeks. This implies an unprecedented slowdown in two of the world's largest economies and thus a lower consumer demand. How this rise in unemployment would affect the inflation and interest rates in these regions (US and Europe)? Provide the reasons for your answer . - Oil prices have gone...

Question