Identify the product associated with the penguin

Assignment Help Basic Statistics
Reference no: EM131747957

Question: Marketing and Consumer Behavior. A successful company usually has high brand-name and logo recognition among consumers. For example, Coca-Cola products are available to 98% of all people in the world, and may have the highest logo recognition of any company. A software firm developing a product would like to estimate the proportion of people who recognize the Linux penguin logo. Of the 952 randomly selected consumers surveyed, 132 could identify the product associated with the penguin.

a. Is the distribution of the sample proportion, P^, approximately normal? Justify your answer.

b. Find a 95% confidence interval for the true proportion of consumers who recognize the Linux penguin.

c. The company will market a Linux version of their new software if the true proportion of people who recognize the logo is greater than 0.10. Is there any evidence to suggest the true proportion of people who recognize the logo is greater than 0.10? Justify your answer.

Reference no: EM131747957

Questions Cloud

How large a sample is necessary for the bound on the error : Prior research suggests that the proportion of homes with gas water heaters is approximately 0.40. How large a sample is necessary for the bound on the error?
Discuss a calendar year and accrual method taxpayer : Emerald Corporation, a calendar year and accrual method taxpayer, provides the following information and asks you to prepare Schedule M-1 for 2015
What about the united states motivates their reflections : What about the United States motivates their reflections and criticism of the nation? Develop your own argument using evidence from both of their writings
Low level of homeownership in the city : The candidate then attacks the incumbent mayor, saying that there is an unusually low level of homeownership in the city. Do you agree? Explain.
Identify the product associated with the penguin : Marketing and Consumer Behavior. A successful company usually has high brand-name and logo recognition among consumers.
How much is the total liabilities : How much is the total liabilities, How much is the total equity
Find the mean and standard deviation : Find the mean and standard deviation of the difference in the price you may pay for melons randomly selected at each store.
Firms in the united states are owned by women : Who's the boss? The 2000 Census revealed that 26% of all firms in the United States are owned by women. You call some firms doing business locally.
Find ci for the true proportion traveling to france : Travel and Transportation To advertise appropriate vacation packages, Best Bets Travel would like to learn more about families planning overseas trips.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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