Conduct hypothesis tests for price and proportion

Assignment Help Chemistry
Reference no: EM131543191

Using a sample of 200 customers, you conducted this research and the data is now ready for your an analysis.

The following results were found:

1. Sample mean for price was $46.60 with a standard deviation of $5.90

2. Proportion who would purchase the new product was 78%

At least 85% of the customers must express some desire for the product. The customers who are interested in the product must be willing to pay at least $47.50.

Conduct hypothesis tests for price and proportion.

2. Based on this updated data and the parameters, should the new line be marketed? Explain your answer.

Reference no: EM131543191

Questions Cloud

Explain how the drug specifically interacts with the brain : Explain how the drug specifically interacts with the brain to reward it (to use again). Make predictions about how the brain might react to steady use of drug
Find the number of ways to form : A parent-teacher committee of a school is formed with 8 members chosen from 5 teachers, 6 parents and the principal.
How did the change affect your job and responsibilities : As a nurse leader, you need to have the skills and knowledge to collaborate and communicate with those who plan for and manage change.
Physical characteristics of genetically identical twins : The physical characteristics of genetically identical twins become increasingly different as they age, even at the molecular level
Conduct hypothesis tests for price and proportion : Conduct hypothesis tests for price and proportion. Based on this updated data and the parameters, should the new line be marketed? Explain your answer.
Choose one psychological theory of addiction : Choose one psychological theory of addiction and one biological theory of addiction. A summary of each theory of addiction.
What is your theology of marriage : What is your theology of marriage and divorce, considering alternative sides to help build your own arguments
What could happen to slope of a regression of y versus a x : Discuss what could happen to the slope of a regression of Y versus a single X when an outlier is included versus when it is not included.
The relation between heredity and suicidal behavior : Analysis of how the information/research findings in each article confirm or contradict the findings in the other articles you have chosen.

Reviews

Write a Review

Chemistry Questions & Answers

  Steps in the mechanism for the following reaction

Show all the steps in the mechanism for the following reaction, When benzene is mixed with deuterated sulfuric acid, deuterium is slowly incorporated onto the ring. Show the mechanism for this reaction and explain how this relates the sulfonation of ..

  Prior to placing piece of metal into the graduated cylinder

This assignment inhibits chemistry Laboratory Questions.

  Write the structures of the saytzeff elimination

Write the structures of the saytzeff elimination

  Calculate ph - chemistry questions

Chemistry Questions on Calculate P H

  How many mols of hydrogen can produce

how many mols of H 2 can produce

  Analysis of corrosion mechanisms

Analysis of corrosion mechanisms and preventative measures

  Chemical and pharmaceutical science

Write an equation for the formation of an acetal from reaction of excess methanol with benzaldehyde in the presence of an acid catalyst.

  Calculate the approximate sulphur

Calculate the approximate SO 2 mass emission in lb/day.

  What is the structure - stereochemistry

What is the structure (including functional groups)? Stereochemistry (racemic or single enantiomer)?

  Design a qualitative analysis scheme

Design a qualitative analysis scheme

  What will be the resultant pressure

What will be the resultant pressure when the stopcock is opened?

  The 1h nmr spectrum

Integrals for some of the resonances in the 1H NMR spectrum are higher than they should be due to the shear number of hydrogens in this compound

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd