Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

A consumer survey mailed to 400 young adults aged 18-24 included a $10 gift card from Blockbuster. The same survey was mailed to 600 young adults without the gift card. 148 people who received a gift card returned the survey compared to 54 people who didn't receive a gift card.

A. what are appropriate null and alternate hypothesis to determine if including a gift in the survey increased the response rate by at least 20%?

B. what is the critical value using alpha = .05?

C. What is the Test Statistic?

D. Draw a conclusion.

E. What is the p-value of the hypothesis test?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9981147

Have any Question?


Related Questions in Statistics and Probability

Calculating this answer for my statistics classa hockey

Calculating this answer for my Statistics class: A hockey team conceded 18 goals on average per season. What is the probability that the team concedes 10 goals?  This was my answer and it was incorrect, so I want to know ...

Introduction to statistics assignment - inferential

Introduction to Statistics Assignment - Inferential Statistics Analysis and Writeup Purpose: The purpose of this assignment is to develop and carry out an inferential statistics analysis plan and write up the findings. T ...

4m industries has 30 million shares outstanding trading at

4M Industries has 30 million shares outstanding trading at $20 per share. 4M also has $150 million in outstanding debt. Suppose firm's equity cost of capital is 12%, its debt cost of capital is 5%, and the corporate tax ...

Your client wants to save 500000 for his retirement he

Your client wants to save $500,000 for his retirement. He plans to retire in 20 years. How much must he deposit in his individual retirement account now, assuming that the account pays a fixed rate of 8% annually, to mak ...

Assume that the mean score on a normally distributed

Assume that the mean score on a normally distributed statistics quiz taken by 400 psychology students was 76, and the standard deviation was 8. Ben had a z-score of -1.2. If someone gave a passing grade only to the top 2 ...

The monthly sales demand for a new product is uncertain but

The monthly sales demand for a new product is uncertain, but it is considered to be adequately described by a normal random variable with mean 50,000 units and variance 100,000,000. (a) A factory to manufacture the new p ...

A using an hp 12c calculator what are the correct steps to

a) Using an hp 12c calculator, what are the correct steps to calculate IRR entered as monthly payments and if summed up for a year? b) Using an hp 12c calculator, what is the best way to calculate effective interest rate ...

A stocks price fluctuations are approximately normally

A stock's price fluctuations are approximately normally distributed with a mean of $104.50 and a standard deviation of $23.62. You decide to purchase whenever the price reaches its lowest 20% of values. What is the most ...

1 approximately 20 of corporate workforce are not happy

1) Approximately 20% of corporate workforce are not happy with their immediate bosses. Suppose 10 workers working in corporates are randomly selected. a) What is the probability that everybody of them is happy with his i ...

1 explain the meaning of the following termslocation

1) Explain the meaning of the following terms: Location Quotient Coefficient of Specialization Coefficient of Localization 2) Explain and contrast the z-score and the coefficient of variation. 3) Define and describe the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As