User Account

All Pages

Means the company should invest in the advertising

Assignment Help Business Economics
Reference no: EM132414155

As the claim from PR NEW (Dec. 1999) the average age of MCNBC TV News viewers is 50 years. A company wants to market a product for this age group, but wants to ensure that the PR Today study is correct before investing advertisement money. They select 60 US households at random that view MSNBC TV News and find their average age to be 51.9 years with a standard deviation of 7.1 years. Should the company invest in advertising? Use a 0.05-level of significance, as usual.

  1. The test is inconclusive at the 0.05 level.
  2. Reject the null hypothesis at the 0.05 leveL, and accept the alternative. That means the company should invest in the advertising, since they want to target 50-year olds.
  3. Reject the null hypothesis at the 0.05 leveL, and accept the alternative. That means the company should not invest in the advertising, since the want to target 50-year olds.
  4. Nobody really watches MCNBC anyway

Reference no: EM132414155

Questions Cloud

Find at least what percentage of children : Find at least what percentage of children will play on electronic devices this year for 850 to 2650.
What is the exact margin of error : Does it appear that vitamins given to mothers makes a difference in a baby's birth weight, using a 0.05-level of significance.
Statistical process control : First, which of the main problem types is this, i.e. which set of formulas is most appropriate for this problem? Circle your answer below.
Evaluate systems for cost tracking and budget monitoring : Analyze quality assurance processes in project management. Evaluate systems for cost tracking and budget monitoring.
Means the company should invest in the advertising : Reject the null hypothesis at the 0.05 leveL, and accept the alternative. That means the company should invest in the advertising, since they want to target 50-
Implications of Digitization and social media adoption : Essay Assignment - Marketing: Consumer Behavior. Title: Consumer Behavior: Implications of Digitization and social media adoption
Find the expected loss : During the next five years, the probability of total loss of only the above-water superstructure ($200 million) is .25, the probability of total loss
Sample correlation coefficient : The sample correlation coefficient, r, is 0.23. The SE of ˆß1 is 0.81. Also ,Se= 3.1.
What is the expected number of burgers : What is the expected number of burgers (µX) ordered on Friday? [Answer up to 2 digits after decimal]

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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