Find probability that he or she prefers light beer

Assignment Help Basic Statistics
Reference no: EM13156789

A local beer producer sells two types of beer, a regular brand, and a light brand with 30% fewer calories. The company's marketing department wants to verify that its traditional approach to appealing to local white-collar workers with light beer commercials and appealing to local blue-collar workers with regular beer commercials is indeed a good strategy. A randomly selected group of 400 workers are questioned about their beer drinking preferences.

a)if a blue-collar worker is chosen at random from this group, what is the probability that he or she prefers light beer (to reg. beer or none at all)?

b)if a white-collar worker is chosen at random from this group, what is the probability that he or she prefers light beer (to reg. beer or none at all)?

c)if we restrict our attention to workers who like to drink beer, what is the probability that a randomly selected blue-collar worker prefers to drink light beer?

d)if we restrict our attention to workers who like to drink beer, what is the probability that a randomly selected white-collar worker prefers to drink light beer?

e)does the company's marketing strategy appear to be appropriate? explain wny/why not?

Data File:- P04_08.xlsx

Reference no: EM13156789

Questions Cloud

Gain or loss on the conversion : The total unamortized bond discount at the date of conversion was $500,000. What amount should Madison credit to the account "Paid-In Capital in Excess of Par" as a result of this conversion assuming Madison does not want to recognize any gain (or..
What output level should you operate to maximize profit : what output level should you operate to maximize profit? What price should you charge? How much will the industry as a whole produce?
Explain at least four possible factors which may influence : Descibe at least four possible factors which may influence the amount of light absorbed by a solution and how these factors may affect the absorption
What benefits are derived from this application : Research how a SPECIFIC biotechnology application within the above GENERAL examples (or ones not listed above) is used today. Example: Insulin production in bacteria is an example under the general topic of recombinant organisms.
Find probability that he or she prefers light beer : if a white-collar worker is chosen at random from this group, what is the probability that he or she prefers light beer (to reg. beer or none at all)?
Adult development in a variety of ways : Culture impacts adult development in a variety of ways. Select either ethnicity, religion, or gender as a cultural factor and describe how this factor influences adult development.
Estimate how many barrels of fluid tank could hold : Estimate how many barrels of fluid this tank could hold. Clearly state any assumption you must make to determine this and explain how you arrived at your assumption
Decision making and ethics : Decision Making and Ethics [LO 1, Ethics] Joan Paxton, VP of marketing for  Supertone Recording Equipment, has developed a marketing plan for presentation to the company’s  president.The plan calls for television ads, something the company has neve..
Describe the short-run impact that economic fluctuations : Describe the short-run impact that economic fluctuations and growth (or lack thereof) have had on aggregate supply, aggregate demand, output, unemployment, and inflation.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Committe studying employer-employee relations

A committe studying employer-employee relations proposed that a rating system be adopted. Each employee would rate his or her inmediate supervisor and in turn the supervisor would rate each employee.

  Probability of selecting a value at random

What is the probability of selecting a value at random and discovering that it has a value of less than 395 pounds?

  State the formula for the test statistic

State the formula for the test statistic and show your decision rule using the 1 percent level of significance. (c) Carry out the test. Show your work. (d) What assumptions are required?

  Finding expected value based on probability values

How would the General Counsel's decision in Part (b) change if the cost of selling the second suit were only $200,000? What if the cost were $900000?

  Information reagrding probability tree

A metropolitan school system consists of three school districts-norths, south, central. The north district contains 25% of all students, the south district contains 40%, and the central district contains 35%.

  Control limits using x bar chart

Compute the probability of seven consecutive points falling above the centerline given a stable process. Is this probability associated with type I or type II error?

  Calculation of skewness and empirical rule for the discrete

Compute the skewness for your data set using Pearson's

  Mean score and standard deviation

In the history class the mean score was 76 with standard deviation 3.

  Hypotheses test for single mean

They find that these 100 people lost an average of 38 hours with a standard deviation of 9.5 hours. What is the P-value for this significance test?

  Value of test statistic when sample mean given

A sample of size 36 results in a sample mean of 7.1. The value of the test statistic is ____

  Compute probability to win at least one prize

A person has purchased 5 of 1,000 tickets sold in a certain raffle. To determine the 10 prizewinners, 10 tickets are drawn at random and without replacement. compute the probability that he wins at least one prize.

  Central limit theorem about distribution

What does central limit theorem say about distribution of John's average payoff after 365 bets in a year?

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