**A company developed two comercials, A and B, to advertise for their product. Two random test...

**A company developed two comercials, A and B, to advertise for their product. Two random test groups were put together each with 100 individuals and each group watched one comercial and states if they would buy the product. Group A had 25 of the individuals say they would buy the product and Group B had 20 individuals say they would buy the product. It was concluded that commercial A was more effective.**

Need to do hypothesis testing for both samples

Solutions

Expert Solution

Let denote the proportion of people who say they would buy the product for Group A and Group B respectively.

Conclusion in context of problem :

There is not sufficient evidence to support the claim that commercial A was more effective.

orchestra answered 1 year ago

Next > < Previous

Related Solutions

**A company developed two commercials, A and B, to advertise for their product. Two random test...

**A company developed two commercials, A and B, to advertise for their product. Two random test groups were put together each with 100 individuals and each group watched one commercial and states if they would buy the product. Group A had 25 of the individuals say they would buy the product and Group B had 20 individuals say they would buy the product. It was concluded that commercial A was more effective.** ```{r} ``` ##b **A randomized experiment was conducted...

Scenario: Between 2017 and 2019, Company 1 developed product A and Company 2 developed product B....

Scenario: Between 2017 and 2019, Company 1 developed product A and Company 2 developed product B. Both companies were manufacturing their own products. Unless both companies agreed on producing only one product, consumers would not buy or consumers purchasing incentives were low. Consumers were worried about investing in the wrong product in case one product type was faulty. Both companies could choose to produce either product - i.e. Company 1 could produce product A AND B and vice versa. Although,...

Reliable Supply Company sells only two products, Product A and Product B. Product A Product B...

Reliable Supply Company sells only two products, Product A and Product B. Product A Product B Total Selling price $35 $58 Variable cost per unit $27 $42 Total fixed costs $395,000 Reliable Supply sells 4 units of Product A for each 3 units it sells of Product B. Reliable Supply has a tax rate of 20%. Required: a. What is the breakeven point in units for each product, assuming the sales mix is 4 units of Product A for each...

A company sells two products, A and B. Product A Product B Produced and sold 8.000...

A company sells two products, A and B. Product A Product B Produced and sold 8.000 units 16.000 units Sale price per unit 65 52 Variable cost per unit 35 30 Fixed cost per unit 15 15 Fixed cost is divided in a traditional way, based on the produced quantity. The company started to design a new product C to replace product B. The company could sell 11.000 units of product C with a selling price of 80 per unit....

Well-Developed explanation: Marketing Plan for Hasbro Company to advertise their GI Joe Line. 1. Summarize a...

Well-Developed explanation: Marketing Plan for Hasbro Company to advertise their GI Joe Line. 1. Summarize a whole plan on Advertising GI Joe Toy Line. 2. Introduction of GI Joe Toy Line with a vision and goal presented to Hasbro Company. 3. Summarize Marketing Mix: ( Product, place, pomotion and price ) the 4 P's. Company Info : https://corporate.hasbro.com/en-us/community-relations

B Inc. has developed a new product, and the consumers are interested in it. As a...

B Inc. has developed a new product, and the consumers are interested in it. As a result, the firm projects the growth rate of dividends is 20% per year for 4 years. By then, other firms will develop similar products, competition will drive down profit margins, and the sustainable growth rate will fall to 6%. B Inc. just paid annual dividend of $1 per share. The required return on the company’s stock is 10%. What is the stock price today?...

The following data are for the two products produced by Shakti Company. Product A Product B...

The following data are for the two products produced by Shakti Company. Product A Product B Direct materials $ 15 per unit $ 24 per unit Direct labor hours 0.3 DLH per unit 1.6 DLH per unit Machine hours 0.1 MH per unit 1.2 MH per unit Batches 125 batches 225 batches Volume 10,000 units 2,000 units Engineering modifications 12 modifications 58 modifications Number of customers 500 customers 400 customers Market price $ 30 per unit $ 120 per unit...

The following data are for the two products produced by Tadros Company. Product A Product B...

The following data are for the two products produced by Tadros Company. Product A Product B Direct materials $ 14 per unit $ 25 per unit Direct labor hours 0.6 DLH per unit 1.5 DLH per unit Machine hours 0.5 MH per unit 1.1 MH per unit Batches 100 batches 200 batches Volume 10,000 units 2,000 units Engineering modifications 10 modifications 50 modifications Number of customers 500 customers 400 customers Market price $ 34 per unit $ 120 per unit...

A company manufactures x units of Product A and y units of Product B, on two...

A company manufactures x units of Product A and y units of Product B, on two machines, I and II. It has been determined that the company will realize a profit of $2/unit of Product A and a profit of $4/unit of Product B. To manufacture a unit of Product A requires 6 min on Machine I and 5 min on Machine II. To manufacture a unit of Product B requires 9 min on Machine I and 4 min on...

A company sells two products, Product A and Product B. Assume that the variable costs for...

A company sells two products, Product A and Product B. Assume that the variable costs for each product are $7. In a particular market, men and women value the two products as follows: Value to the Customer Product A Product B Men (50 % of market) $ 12 $ 15 Women (50 % of market) $ 14 $ 11 If management is considering offering a bundle containing both products, what is the maximum price that could be charged for this...

Subjects