Confidence the improvement in sales

Assignment Help Basic Statistics
Reference no: EM13962242

To determine the effect of advertising in the Yellow Pages, Bell Telephone took a sample of 40 retail stores that did not advertise in the Yellow Pages last year but did so this year. The annual sales (in thousands of dollars) for each store in both years were recorded.

a. Estimate with 90% confidence the improvement in sales between the two years.

b. Can we infer that advertising in the Yellow Pages improves sales?

c. Check to ensure that the required condition(s) of the techniques used in parts (a) and (b) is satisfied. d. Would it be advantageous to perform this experiment with independent samples? Explain why or why not.

Reference no: EM13962242

Questions Cloud

Management different than straight financial accounting : What are some key components to monitor the health of the project, as it relates to earned value? How is earned value management different than straight financial accounting?
Making managerial decisions in general : Your company, Diamond Dynamics, is researching whether or not it would be a good decision to invest in new manufacturing equipment that will significantly speed up production time on the assembly line. Explain the limitations of a CVP analysis in thi..
Examine the experiences of the local populations : Examine the experiences of the local populations and varied demographics, including African Americans, women, and lower classes. What changed because of the movement from isolationism to expansionism
What are they focusing on in addressing the challenge : What problem or challenge do they have and what are they focusing on in addressing the challenge? What did you find interesting? What company is the subject for your Business Report and what problem can you help them address through the use of IT?
Confidence the improvement in sales : To determine the effect of advertising in the Yellow Pages, Bell Telephone took a sample of 40 retail stores that did not advertise in the Yellow Pages last year but did so this year. The annual sales (in thousands of dollars) for each store in bo..
A sinusoidal voltage of 10 v rms is applied at terminals 11'' : The transformer in the following circuit (see attached file Figure 4.10) has a turns ratio of 10.
Prepare a master production schedule : Prepare a master production schedule for industrial pumps in the manner of the following table. Use the MPS rule to "schedule production when the projected on-hand inventory would be less than 10 without production." Suppose that a production lot siz..
International monetary fund : The Global Financial Stability Report is a semiannual report published by the International Capital Markets division of the International Monetary Fund ( IMF). The report includes an assessment of the risks facing the global financial markets. Locate..
Semiconductor manufacturing process : In a semiconductor manufacturing process, three wafers from a lot are tested. Each wafer is classified aspassorfail. Assume that the probability that a wafer passes the test is 0.8 and that wafers are independent.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Information about statistics-test statistic

In recent year, of the 109,857 arrest fro federal offenses, 29.1% were for drug offenses. Use a .01 significance level to test the claim that the drug offense rate is equal to 30%.

  Prepare and test appropriate set of hypotheses

Formulate and test an appropriate set of hypotheses to determine if the machine can be qualified. Use a = 0.05. Find the P-value.

  Hypothesis esting of heart attack

Does lovastatin reduce the risk of heart attack? Researchers gave lovastatin to 2,325 people and an placebo to 2,081 people. the average age of both groups in 58 years.

  Find the minimum score necessary to pass

For a normal random variable X with mean 70 and standard deviation 10. Calculate the probability that 60 80}.

  Calculate all first and second order inclusion probabilities

Calculate all the first and second order inclusion probabilities and find the value of E[n(a)] in two ways

  Meaning of statistics

Given what you've learned in this module about the meaning of "statistics", choose one of the examples from Part I (A-F), and raise a relevant question of your own that could be answered by a statistician.

  How much employee-family spend per year on dental expenses

How much does a typical employee and his or her family spend per year on dental expenses? Construct a 95 percent confidence interval for the population mean. Interpret the interval.

  Construct a 95 confidence interval for the difference in

a clinical trial is run comparing a new drug for high cholesterol to a placebo. a total of 40 participants are

  Find the equation of the regression line for these data

the marketing manager of a large supermarket chain would like to determine the effect of shelf space in feet on the

  Using a t test for dependent means show the steps involved

When using a t test for dependent means, show the steps involved in calculating the estimated population variance based on scores in this sample:

  Calculate cost of goods sold

How would you calculate cost of goods sold? What items make up cost of goods sold?

  How significant are the result what is the best estimate of

a sample of 40 los angeles pharmacies sells the tamiflu 75mg prescription drug for about 137 for a moth supply s 30.2

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