Direct marketing companies are turning to the Internet for new opportunities. A recent study by Gruppo,...

Direct marketing companies are turning to the Internet for new opportunities. A recent study by Gruppo, Levey, & Co. showed that 73% of all direct marketers conduct transactions on the Internet. Suppose a random sample of 310 direct marketing companies is taken.

a. What is the probability that between 220 and 241 (inclusive) direct marketing companies are turning to the Internet for new opportunities?
b. What is the probability that 75% or more of direct marketing companies are turning to the Internet for new opportunities?
c. Suppose a random sample of 500 direct marketing companies is taken. Now what is the probability that 75% or more are turning to the Internet for new opportunities?How does this answer differ from the answer in part (b)? Why do the answers differ?

(Round the values of z to 2 decimal places. Round the intermediate values to 4 decimal places. Round your answers to 4 decimal places.)

Expert Solution

orchestra answered 1 year ago

Explain how companies have responded to the internet marketing and other new technologies with online marketing...

Explain how companies have responded to the internet marketing and other new technologies with online marketing strategies?

A recent study of home internet access reported the following number of hours of internet access...

A recent study of home internet access reported the following number of hours of internet access per month for a sample of 20 persons [3+4+4+2 points]. 74 81 83 72 76 71 63 66 68 78 76 66 87 54 82 86 90 98 58 92 (a) Use probability plot in MINITAB to check if data are approximately normally distributed. (b) Use MINITAB to construct a 90% confidence interval for the population mean score and interpret your result. (c) Use...

Internet Marketing: Whats internet Marketing? Discuss an existing company that use internet marketing? how it use...

Internet Marketing: Whats internet Marketing? Discuss an existing company that use internet marketing? how it use Internet marketing to promote one of its products? which product and why? what are the benefit of internet marketing ? Support Information: As in any new industry or concept, the Internet has its share of confusing buzzwords and jargon. A website produced by Matisse Enzer, presents a comprehensive glossary of Internet terms. http://www.matisse.net/files/glossary.html Many traditional elements of marketing easily translate into Internet marketing such...

Marketing to physicians is still the dominant paradigm for most pharmaceutical companies, "direct-to-consumer" (DTC) marketing has...

Marketing to physicians is still the dominant paradigm for most pharmaceutical companies, "direct-to-consumer" (DTC) marketing has increased dramatically in recent years -- but with mixed success. Based on your understanding of consumer behavior, what steps do you believe pharmaceutical companies should take to improve their DTC investment returns? What objectives should they have in mind for DTC marketing programs? Should pharmaceutical companies intensify their efforts to understand consumer behavior? If so why? If not, why not?

A recent study in a marketing journal used a sample gathered by asking individuals to complete...

A recent study in a marketing journal used a sample gathered by asking individuals to complete an online survey about a particular product. This survey was then used to make inference about the characteristics (e.g., income and education levels) of the buyers of the product. If you were reviewing their results, what statistical issues might you want to focus on? What questions might you want to ask the researchers?

Two internet companies, Accelerate and Speedy, are the only two companies that provide internet service to...

Two internet companies, Accelerate and Speedy, are the only two companies that provide internet service to households in the area. The companies offer different internet speeds and hence it affects web page loading times. The web page loading times for internet service provided by Accelerate are normally distributed with a mean of 15 seconds and a standard deviation of 3.5 seconds. The web page loading times for internet service provided by Speedy are uniformly distributed from 18 seconds to 38...

Why is internet marketing specially important in Business marketing?

Why is the internet marketing specially important in business marketing?

Why is the internet marketing specially important in Business marketing?

The Internet, social networks, Internet marketing, and digital tracking systems that allow targeted marketing to individuals...

The Internet, social networks, Internet marketing, and digital tracking systems that allow targeted marketing to individuals have changed and continue to change the landscape of markets. What do you believe is the most significant means by which digital marketing has influenced the landscape of the marketing world? Why do you believe this? Why would digital marketing be impeded without this influence? Support your position.

Question