Question

2. The ABC company's brand has a market share of 30%. Suppose that in a survey,...

2. The ABC company's brand has a market share of 30%. Suppose that in a survey, 800 consumers of the product are asked which brand they prefer. What is the probability that more than 32% of the respondents say they prefer ABC's brand? no statistics packages please

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
2. The ABC company's brand has a market share of 30%. Suppose that in a survey,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 32) Suppose ABC hedge fund has assets of $700 million and capital of $30 million. Its...

    32) Suppose ABC hedge fund has assets of $700 million and capital of $30 million. Its return on assets is 2.1%. What is its leverage? What is ABC's return on equity? Page 6 /7

  • 2. A company's market share is very sensitive to both its level of advertising and the...

    2. A company's market share is very sensitive to both its level of advertising and the levels of its competitors' advertising. A firm known to have a 56% market share in the past wants to test whether or not this value is still valid in view of recent advertising campaigns of its competitors and its own increased level of advertising. A random sample of 500 consumers reveals that 298 of them use the company's product. Is there evidence to conclude...

  • A survey was conducted to assess the market share of Ringtone, a telecommunications company. Out of...

    A survey was conducted to assess the market share of Ringtone, a telecommunications company. Out of a random sample of 200 people who have mobile phone contracts surveyed, 38 of them have Ringtone contracts. (a) Calculate the sample proportion of people who have Ringtone contracts. (b) Ringtone has established a target market share of at least 15%. Use the sample proportion found in (a), test whether this target has been attained at a 5% significance level. (c) Use the information...

  • A survey was conducted to assess the market share of Ringtone, a telecommunications company. Out of...

    A survey was conducted to assess the market share of Ringtone, a telecommunications company. Out of a random sample of 200 people who have mobile phone contracts surveyed, 38 of them have Ringtone contracts. (a) Calculate the sample proportion of people who have Ringtone contracts. (b) Ringtone has established a target market share of at least 15%. Use the sample proportion found in (a), test whether this target has been attained at a 5% significance level. (c) Use the information...

  • A survey was conducted to assess the market share of Ringtone, a telecommunications company. Out of...

    A survey was conducted to assess the market share of Ringtone, a telecommunications company. Out of a random sample of 200 people who have mobile phone contracts surveyed, 38 of them have Ringtone contracts. (a) Calculate the sample proportion of people who have Ringtone contracts. (b) Ringtone has established a target market share of at least 15%. Use the sample proportion found in (a), test whether this target has been attained at a 5% significance level. (c) Use the information...

  • フhe leading bRand of dishwasher. dctenngnt、 has /n 30% of market share cus-hmuns was tahun. Cinshuct...

    フhe leading bRand of dishwasher. dctenngnt、 has /n 30% of market share cus-hmuns was tahun. Cinshuct the u smple chese h leadiny baan P( x$3)

  • According to a survey of 795 small business participants chosen at random in the Constant Contact...

    According to a survey of 795 small business participants chosen at random in the Constant Contact Small Biz Council in May of 2013, 480 of the respondents say it is harder to run a small business now than it was 5 years ago. When estimating the population proportion, what is the 95% confidence interval estimating the proportion of businesses who believe it is harder to run a business now than 5 years ago? Question 7 options: 1) ( 0.58643 ,...

  • 7.3 A survey of 2645 consumers by DDB Needham Worldwide of Chicago for public relations agency...

    7.3 A survey of 2645 consumers by DDB Needham Worldwide of Chicago for public relations agency Porter/Novelli showed that how a company handles a crisis when at fault is one of the top influences in consumer buying decisions,with 73% claiming it is an influence. Quality of product was the number one influence, with 96% of consumers stating that quality influences their buying decisions. How a company handles complaints was number two, with 85% of consumers reporting it as an influence...

  • Sonic Boom (SB) has a 34%-share of the CD market in San Geronimo. The company thinks...

    Sonic Boom (SB) has a 34%-share of the CD market in San Geronimo. The company thinks an aggressive ad campaign would boost their share of the market. At the end of the ad campaign, SB conducts a survey of 100 CD buyers to determine the effect of the campaign with the result that 43 persons surveyed, bought their CD’s at SB. Is this sufficient evidence at the 5% level of significance to indicate that the ad campaign increased SB’s share...

  • A survey of 2645 consumers by DDB Needham Worldwide of Chicago for public relations agency Porter/Novelli...

    A survey of 2645 consumers by DDB Needham Worldwide of Chicago for public relations agency Porter/Novelli showed that how a company handles a crisis when at fault is one of the top influences in consumer buying decisions,with 73% claiming it is an influence. Quality of product was the number one influence, with 96% of consumers stating that quality influences their buying decisions. How a company handles complaints was number two, with 85% of consumers reporting it as an influence in...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT