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An advertisement for the online Pricing Psychology Report mentions the well-known phenomenon whereby people are much likelier to buy a product if it is priced at $9.99 rather than $10.00. It also recommends a way for online marketers to compare orders for merchandise advertised at two different prices, called "perfect A/B split price testing":5
a. The first visitor to your site sees price "A"
b. The second visitor sees price "B"
c. The third visitor sees price "A"
d. The fourth visitor sees price "B" etc. Is this method characterized as cluster sampling, haphazard sampling, systematic sampling, stratified sampling, or random sampling?
Suppose that distribution of grades has average of 78 with standard deviation of 11. Find the appropriate cutoff points for the grades A and F.
find the critical value from table l for the rank correlation coefficient given sample size n 9 and alpha
lays inc. packages potato chips in small bags. the mean number of chips in a bag is 20 with a standard deviation of 3.
What is conjoint analysis and how it is useful for a co-working platform company? Company which provides co-working platform to entrepreneurs.
HIV testing. In July 2005 the journal Annals of Internal Medicine published a report on the reliability of HIV testing.
Media Disk, Inc. duplicates over a million 3.5" floppy disks each year by copying masters to stacks of blank disks. The company buys its blank stock from two different suppliers, A and B.
the following data represents the time it takes a company to respond to an account inquiry for opening a new account.a.
How large a sample should be taken if the desired margin of error is?
The insurance premium is $400 times one's probability of causing an accident in the following year. A new subscriber has an accident during the first year. What should be his insurance premium for the next year?
What do you think of this sampling strategy? What impact does it have on the ability of the charts to detect assignable causes.
Standard deviation is $0.10. At α = 0.01, is there significant difference in price? Determine the 99% confidence interval of the difference in the means.
Validity of a scale to measure daily intake of fat. Privitera and Freeman (2012) constructed a scale to measure or estimate the daily fat intake of participants
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