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An advertisement for the Valu-For-Your-Money supermarket claims that customer service is rated 9.8 (out of 10). A disgruntled customer disagrees with this claim. The customer randomly selected a sample of 100 customers and found that the sample meanrating was 8.7 with a sample standard deviation of 0.8.
(a) Calculate the 97% confidence interval for the population mean customer service rating .Assist the customer in conducting a hypothesis test, at the 3% level of significance, to determine whether the claim on the advertisement was overstated.
(b) State the null and the alternative hypothesis for this test
.(c) Calculate the value of the test statistic for this test.
(d) Calculate the p-value for this test.
(e) Use the p-value approach to state the conclusion of this test, giving reason for your answer.
Suppose your favorite band is on tour and coming to your area. Tickets are $100, and you take a day off from work, which you would have earned $60. What is your opportunity cost of going to the concert?
This is the fourth of five weekly Business Communication Analysis papers you will complete in this course. This exercise is designed to deepen your understanding of the business communication process.
what are the standards organizations for telecommunications cabling
Identify at least three alternative exit strategies and analyze how each strategy impacts the potential resources required to initiate a new venture.Analyze how you can structure your venture to avoid potential exit strategy problems and suggest alte..
Mia's office building with a $300,000 value has a rating of 2 with a building classification of A. The contents in the building are valued at $120,000. Using the tables in the handbook, the total annual is: a) $1,046.40 b) $990.00 c) $1,064.40 d) $1,..
Using all your knowledge of the new product life cycle, speculate on the stages of the life cycle your electric car will pass through being sure to discuss the marketing objectives in each stage giving specific e.g. of the objectives along with yo..
Conduct a light research on the role of emotion in negotiation process, and the effect it has on the outcome of the negotiation. In your essay, try to answer the following the questions:
How has Amazon used technology to revamp the bookselling industry?- Is Amazon using disruptive or sustaining technology to run its business?
1). What are the two main investor preferences, and how do they conflict? 2). Why does competition force firms to use the least-cost, most-efficient productive techniques?
management of benefitssolarium inc. ipo is a two-year-old software development company. they did not provide any health
You are a consultant hired by a consumer products research company to analyze the packaging of various consumer products. Your first assignment is to go into a retail store and pick three products which consumers purchase on a frequent basis.
Write a 750- to 1,000-word paper that describes the importance of blue ocean strategy and identifies a product or service that would be considered a blue ocean move.
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