Type of inference being made

Assignment Help Basic Statistics

Reference no: EM1387375

A market researcher gives a presentation to a music industry executive. After considering the results of a test market examining whether or not lowering the price of in-store CDs will lower the number of illicit downloads of the same music, the executive claims: "The test market was conducted in eight cities. In two of the cities, lowering the price did not decrease illicit downloading. Therefore, lowering the price does not decrease this behavior and we should not decide to lower prices based on this research." Comment on the executive's conclusion. What type of inference is being made? Will the decision not to lower prices be a good one.

Reference no: EM1387375

Questions Cloud

Criminal enforcement of the tax code : those who commit tax fraud. In fact, the United States is one of the few countries which punishes tax fraud with jail. Do you think there should be criminal enforcement of the tax code? Please explain and limit your response to one page.

Sample end of life plan : Identify and define the three sections in your end-of-life plan. What are the legal, moral, or cultural issues that are involved in the planning for each section?

Explain how do you think planning in today organizations : Explain how do you think planning in today's organizations compares to planning twenty-five years ago? Do you think planning becomes more important or less important in a world where everything is changing fast and crises are a regular part of or..

The three hundred gallons of a mixture containing : The three hundred gallons of a mixture containing 75.0wt% ethanol (ethyl alcohol) and 25% water (mixture specific gravity=0.877)

Type of inference being made : lowering the price does not decrease this behavior and we should not decide to lower prices based on this research." Comment on the executive's conclusion. What type of inference is being made? Will the decision not to lower prices be a good one.

How far should the microphone be moved to the right : After a day of testing race cars, you decide to take your own 1410 kg car onto the test track. While moving down the track at 10m/s, you uniformly accelerate to 31m/s in 10 s. What is the average net force that you have applied to the car througho..

Explain why william clay ford made million as ceo : Explain why is it easier to explain a $2 million payout to a sports professional for working 4 days to win a Masters Championship than it is to Explain why William Clay Ford made $30 million as CEO of Ford Motor Corporation?

Determine that you have the making to become an entrepreneur : Determine that you have the making to become an entrepreneur. Choose a product you would create and decide whether you would take a slow or fast approach to internationalizing your firm

Contractile units in skeletal, cardiac and smooth muscle : Describe the structural differences of the contractile units in skeletal, cardiac, and smooth muscle. Why would calcium channel blocking hypertension drug have an effect on blood vessels

User Account

All Pages