Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

Before you came to the company, it had conducted some market research on how popular its current product line was. Although the target market for the firm's product is huge, the sample size that was chosen for this research was 1,100 adults. The results of the research are the following:

Sample size: 20
Likely potential target market: 4 million
Satisfaction scores ranged from 1 (very dissatisfied) to 5 (very satisfied)
Average satisfaction score: 4.5
Standard deviation of the sample scores is unknown
Now that you are with the company, the CEO has asked you to evaluate this research, and in a PowerPoint presentation, address the following problems:

Can you reach valid conclusions with a sample size of only 20 when the population or target market may be millions of adults? Why?
What would the confidence interval be for the samples that had an average favorability score of 4.5, with a standard deviation of 0.3, if you wish to have a 90% confidence level in that conclusion?
The CEO asked you for a 1-sentence summary of the stated research result that the average satisfaction score was 4.5.
How would you cite the results, keeping in mind your answer to problem 2?
Create 10 to 12 PowerPoint slides

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M928824

Have any Question? 


Related Questions in Business Management

Cost sheetquestion abullprovide and discuss an example of a

Cost Sheet Question A • Provide and discuss an example of a situation where a company would use a job cost sheet. As part of your analysis, be sure to explain the nature and importance of a job cost sheet. Question B • D ...

Respond to t he following questions in one essay at least

Respond to t he following questions in one essay. At least three to four paragraphs for each question with examples is expected. Describe the term performance booster(s) and how it relates to a Virtual Teams There are th ...

Two questiosconflictin a 250-300 word response describe a

Two questios Conflict In a 250-300 word response, describe a conflict situation you have experienced in the workplace. Explain the impact that the communication process played in resolving or escalating the conflict? Wha ...

From a survey of 100 college students a marketing research

From a survey of 100 college students, a marketing research company found that 70 students owned iPods, 50 owned cars, and 40 owned both cars and iPods. (a) How many students owned either a car or an iPod (but not both)?

You have been hired as a marketing troubleshooter for a

You have been hired as a marketing troubleshooter for a previously prosperous hotel in the center of Paris, the Jardin de Villiers. The hotel has been suffering a decline in guest registrations and revenues for several y ...

Dicussions general education capstoneelements of critical

Dicussions General Education Capstone Elements of Critical Thinking Prepare: In preparation for discussing the importance of critical thinking skills, please read the following articles: Critical Thinking and the Challen ...

Describe the kinds of problems that usually come up during

Describe the kinds of problems that usually come up during international business negotiations. What kind of research can you do in anticipation of an upcoming international price negotiation?

Programmingnbsp write the following programs using c

Programming:  Write the following programs using C language. Each program shoulddate of creation on the top (use comments). Write a clear and properly indented code and use comments properly. 1. Simple if statement progr ...

Discussion pricing-one of the 4 ps being up to date with

Discussion: Pricing-One of the 4 P's Being up to date with current events is an important part of becoming a business professional. In marketing, it is part of an important responsibility to continuously scan the externa ...

What makes a good project manager what are the advantages

What makes a good project manager? What are the advantages of being a project manager?

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen