User Account

All Pages

What distribution best describes the number of sales

Assignment Help Business Management
Reference no: EM133023199

You are the marketing manager for an online retail store. Currently, for every 1000 people that visit your website you make 250 sales. You have decided to trial a new website design on 100 visitors to the website to see if the sales rate improves.

How should the 100 people be selected? Explain why this is important.

Assuming that the new website design has had no effect, what distribution best describes the number of sales out of 100? Give all relevant parameters of this distribution.

Would it be reasonable to approximate the distribution in (b) with a Normal distribution? If so, what would you use for the mean and standard deviation?

The trial runs and of the 100 people shown the new website 28 make purchases. If the underlying rate of sales hadn't actually changed (i.e. the new website had no effect) how likely is it to get 28 or more sales out of 100 visits? Show a z-score as part of your working.

Assuming that there would be some costs involved with swapping to the new design, do you think it would be worthwhile for the store to change its website? [Note, the value you calculated in part (d) is known as a p-value, it should be useful in guiding your decision].

Reference no: EM133023199

Questions Cloud

What is the random variable associated with game : -Temple volleyball team will have a match with the Houston Cougars on October 3, 2021. Suppose that Temple has a 60% chance of winning the game.
Describe a people-first corporate culture : Describe a "people-first" corporate culture. Identify two or three organizations that you believe have a "people-first" culture and describe how and why these o
Discuss the link between big data and mcs : The subject is management control systems and please provide a sound, precise, structured, and literature-based argument on the question
Compare and contrast how of elements-ethical : Regardless of what kind of business you work in, most business decisions will include some level of consideration for ethical, moral, and legal choices.
What distribution best describes the number of sales : You are the marketing manager for an online retail store. Currently, for every 1000 people that visit your website you make 250 sales. You have decided to trial
Commercial insurance must legally own the new insurer : Commercial Insurances Inc is a large stock property and liability insurer that specializes in the writing of commercial lines of insurance.
Give examples of benefits of globalization : Give examples of benefits of Globalization on access to new talents
How can they strategically capitalise on them : What are SABMILLERs threats and opportunities now that they have been acquired by ABInbev?
Name of corollaries to csr : 1. Name 5 of his corollaries to CSR. 2. Wal-Mart went from corporate "Good Guy" to corporate "Bad Actor". Explain.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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