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Your company is interested in a new method of advertising. In order to test the new procedure they have tested it in eleven markets with the following sales in thousands of dollars: $124; $157; $98; $190; $103; $135; $149; $176; $200; $180; and $256. The old mean sales value for these markets was $140,000. Use hypothesis-testing techniques to decide if the new technique will generate higher sales.
a. What is the independent variable ?
b. What is the dependent variable ?
c. What are the null and alternate hypotheses?
d. What is the appropriate test statistic?
e. What is the value of the test statistic?
f. With a significance level of .05 what would be your decision ?
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Make a 1,050 to 1,400-word Individual Development Plan for the selected skill you wish to make sure in yourself.
This aligns with the process of development in which maturity occurs from adolescents to the young adult stages. I am interested to hear your take on this?
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