Question
In: Statistics and Probability
Direct mail advertisers send solicitations ("junk mail") to thousands of potential customers in the hope that...
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 1060 people randomly selected from their mailing list of over 200,000 people. They get orders from 110 of the recipients. Complete parts a through d below.
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. Use ascendingorder.)
Solutions
Expert Solution
Solution :
- 90% confidence interval for the percentage of people
the company contacts who may buy something is ( 0.088 , 0.119 ) ==
( 8.8 % , 1.19 %)
orchestra answered 1 year agoRelated Solutions
Direct mail advertisers send solicitations ("junk mail") to thousands of potential customers in the hope that...
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 1010 people randomly selected from their mailing list
of over 200,000 people. They get orders from 113 of the
recipients. Use this information to complete parts a through d.
a) Create a 95% confidence interval...
Direct mail advertisers send solicitations ("junk mail") to thousands of potential customers in the hope that...
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
1020
people randomly selected from their mailing list of over
200,000 people. They get orders from
100
of the recipients. Use this information to complete parts a
through d.
a) Create a
90%
confidence interval...
Direct mail advertisers send solicitations ("junk mail") to thousands of potential customers in the hope that...
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 1160 people randomly selected from their mailing list
of over 200,000 people. They get orders from 140 of the
recipients. Use this information to complete parts a through d.
a) Create a 90% confidence interval...
Direct mail advertisers send solicitations ("junk mail") to thousands of potential customers in the hope that...
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 to1030 people randomly selected from their mailing list of
over 200,000 people. They get orders from 104 of the recipients.
Use this information to complete parts a through d.
a) Create a 90% confidence interval for...
Direct mail advertisers send solicitations (junk mail) to thousands of potential customers hoping that some will...
Direct mail advertisers send solicitations (junk mail) to
thousands of potential customers hoping 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
1000 randomly selected people. The company gets orders from 139 of
the recipients and decides to do a mass mailing list to everyone on
its mailing list of over 200,000. Create a 95% confidence
interval for the...
ORDER TO CASH PROCESS Sales Department Customers send their orders by mail or fax to the...
ORDER TO CASH PROCESS
Sales Department
Customers send their orders by mail or fax to the sales
department. Upon receiving an order, a sales clerk checks the
credit worthiness via a terminal the customer record in Money
Talk’s Customer Master file to review the available credit before
creating a Sales Invoice record. For customers with no or
insufficient available credit, the clerk submits the order to the
credit manager for approval. If granted, the credit manager
verbally authorizes and instruct...
The Hope Co. sells direct to retail customers and also to wholesalers. On January, 1, 2018...
The Hope Co. sells direct to retail customers and also
to wholesalers. On January,
1, 2018 the balance of the retail accounts receivable was P418,000
while the allowance for bad debts with
respect to retail customers was a credit of P15,200.
The following summary pertains only to retail sales since
2015
Credit Sales - Bad Debts Written off - Bad Debts Recoveries
2015 - P2,220,000 P52,000 P4,300
2016 - 2,450,000 59,000 7,500
2017 - 2,930,000 60,000 7,200
2018 - 3,000,000...
Golf Guide is seeking new customers through both direct mail and magazine ads. In a recent...
Golf Guide is seeking new customers through both direct mail and
magazine ads. In a recent period, Golf Guide spent $25,277 on
direct mail and spent $34,173 on golf magazine ads. The company
gained 548 new customers through its direct mail and gained 805 new
customers through its magazine ads. Calculate the overall cost per
customer acquired for the combined program of direct mail and
magazine ads. (Rounding: nearest penny.)
show step by step how you got the answer.
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