User Account

All Pages

Spending of customers receiving the promotion

Assignment Help Basic Statistics
Reference no: EM131474078

Please help with the following question

1. A company knows from their records that the mean dollar amount spent by customers in each store visit is $22.34, with a standard deviation of 14.06. They put on a promotion, mailing coupon booklets to a sample of known customers. After 2 weeks, the mean dollar amount spent by any customer redeeming a coupon (n=132) is calculated as $26.97.

a. Test if the promotion has been successful (i.e. has raised the mean spending of the target customers). 

b. Give a 90% confidence interval for the mean spending of customers receiving the promotion.

Reference no: EM131474078

Questions Cloud

Calculate a new mrp that improves the base mrp : Analyze the trade-off between overtime costs and inventory costs. Calculate a new MRP that improves the base MRP.
Design the circuit for a newspaper vending machine : Design the circuit for a newspaper vending machine. Each item costs 40 cents. The machine accepts nickels, dimes, and quarters.
Persistence in a boring physical task : A researcher classifies each of 29 people as either High- or Low- Need for Success. He wants to know if this variable predicts persistence in a boring physical
Which is not an advantage of the periodic review system : Which is not an advantage of the periodic review system? Which lot sizing rule might base the order quantity on a standard-size container or pallet load?
Spending of customers receiving the promotion : Give a 90% confidence interval for the mean spending of customers receiving the promotion.
Implement the state diagrams using jk flip-flop : Implement the state diagrams from Problem using JK flip-flops. Construct state diagram for sequence detectors that can detect the following sequences.
Mean spending of customers receiving the promotion : Give a 90% confidence interval for the mean spending of customers receiving the promotion.
Which is not considered to be a nonmarket stakeholder : Which of following is not considered to be a nonmarket stakeholder? When something stands out from a background, is seen as important, or draws attention it is:
Construct state diagram for sequence detectors : Construct state diagram for sequence detectors that can detect the following sequences: 10010 (sequences may overlap).

Reviews

Write a Review

Basic Statistics Questions & Answers

  Linear regression model for south central states

Find the linear regression model for the South Central states. How does the equation for the South Central states compare to the one you found for the North Central states?

  Find the probability

Find the probability that a random selected student takes neither foreign language course. (Show work and write the answer in simplest fraction form)

  Compute the test statistic

a. Compute the test statistic. b. Using the p-value approach at a = .10, test to see if the field of study is independent of gender.

  Analyze the above output to determine regression equation

Analyze the above output to determine the regression equation. Find and interpret β?1in the context of this problem. Find and interpret the coefficient of determination (r-squared)

  Describe the elements of the transition probability matrix

Let X[k] be the location of a player after turns.-Describe the elements of the transition probability matrix, , for the monopoly Markov chain X[k].

  Probability pregancy will last between given number of days

The length of human pergnancies is aprox normally distibuted with a mean of 266 days and a standard devation of 16 days what is the probability the pregancy will last between 160 and 255 days?

  Computing sample test statistic and critical test statistic

Give critical test statistic and compute sample test statistic. Test null hypothesis at alpha level .01.

  Test the hypothesis that the birthweight is independent

Test the hypothesis that the birthweight is independent of whether or not the baby survives its first year.

  Determine the degrees of freedom

There is evidence that the two processes yield different average errors. Assume that the population standard deviations are equal. What is the degrees of freedom?

  Probability distribution-mean and standard deviation

What is the probability that none of the next eight customers who order beer will order light beer? What is the probability that one customer will? What is the probability that two customers will?

  Which of the 95 confidence intervals below give you

which of the 95 confidence intervals below give you justification in thinking that your sample was drawn from a

  Information about discrete distributions

Let X equal the number of "ones" if a fair dice is tossed two independent times by someone out in the hall. If X=x that person gives the player a bowl consisting of 10-3x red chips and 3x white chips.

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