State would be aware of the product

Assignment Help Business Economics
Reference no: EM132461191

An advertising agency conducted an ad campaign aimed at making consumers in Virginia aware of a new product. Upon completion of the campaign, the agency claimed that 20% of all consumers in VA had become aware of the product. The product's distributor surveyed 1000 consumers and found that 150 were aware of the product. Let W be the number of consumers out of 1000 sampled who are aware of the product.

Find the probability that 150 or fewer consumers in a random sample of 1000 consumers in the state would be aware of the product (that is, if the agency's claim of 20% is correct). how to do this in R code.

Reference no: EM132461191

Questions Cloud

What your findings suggest about american public schools : Choose one country and research its public education system and compare it to the United States. Discuss such information as the age of testing for determining.
What were your feelings reading the messages : Reflect on what you´ve read: What were your feelings reading the messages? Your other responses? Any associations to your own life or people you know?
Prepare the adjusting entries for the ledger of wildhorse co : Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly the ledger of Wildhorse Co. on March 31 of the current year
Discuss concepts about what is motivation : The paper will require the student to identify a film or television program and utilize 3 concepts about what is motivation, motivation related to mood.
State would be aware of the product : Find the probability that 150 or fewer consumers in a random sample of 1000 consumers in the state would be aware of the product (that is
Prepare corrected classified statement of financial position : Prepare a corrected classified statement of financial position as of July 31, 2019, from the available information, adjusting the account balances
Advantages of using social media in health care marketing : Patients are using social media sites now more than ever. Hospitals are using social media channels to answer patient questions and provide immediate customer.
Analyze and research the changing community : The first step is for you to analyze and research the changing community and develop a marketing proposal for your boss, the director of development.
Discuss why learning organizations must document results : Discusses why learning organizations must document results and provided guiding principles for program evaluation and advice on what to measure, how to collect.

Reviews

Write a Review

Business Economics Questions & Answers

  Effect on the efficient functioning of a market

How might the information about lemons be useful to you, or a friend/ relative in daily life?

  Write an explanation of the short-run effect including the

write an explanation of the short-run effect including the determinant of ad or as that is causing the shift the line

  Formats for creating and watching movies

In recent times, HD-DVD and Blu-ray were competing technology formats for creating and watching movies on DVDs.

  The fed pays very high interest rates

The Fed pays very high interest rates on which of the following assets and/or liabilities?

  What is the yield to the investor who holds the bonds

A U.S. government bond matures in 10 years. Its quoted price is now 96.4, which means the buyer will pay $96.40 per $100 of the bond’s face value. The bond pays 5% interest on its face value each year. If $10,000 (the face value) worth of these bonds..

  Q1 suppose that two economies initially have the same level

q1. suppose that two economies initially have the same level of real income and both suffer unanticipated declines in

  Elucidate only the effect of recession on the country

elucidate only the effect of recession on the country. Due to floods a country suffered from recession but gradual triggered growth in the manufacturing sector in the following years.

  No major labor union has called strike

Today more workers in the US are members of lavor unions than any time in our history. Today labor unions are weaker than anytime in the last 100 years. No major labor union has called a strike since the 1940s.

  Internetworking of different types of networks

What must be there to enable the internetworking of different types of networks?

  Price of a cell phone minute falls

Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.

  Fixed basket of goods that typical urban consumer

The table below shows the cost of a fixed basket of goods that a typical urban consumer would buy in the economy of Kindleberger, where the base period for the consumer price index (CPI) is the year 2000.

  During an expansion-unemployment insurance

During an expansion, unemployment insurance

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