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...
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Customers send their orders by mail or fax to the sales
department. Upon receiving an order, a sales clerk checks the
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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
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show step by step how you got the answer.
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