A large scale industry manufacturers unique items for sale in the local market. The sales manager claims that advertisement of the products improves sales. A sample of 15 advertised products generated mean revenue of kshs.1.4M with a standard error of Kshs. 0.5 M. The 14 non advertised products had a mean revenue of Kshs. 1.0M with standard deviation of Kshs. 0.4 M.At level of significance α = 1.0%, formulate the relevant hypothesis and check if the manager’s claim is legitimate
A large scale industry manufacturers unique items for sale in the local market. The sales manager claims that advertisement of the products improves sales. A sample of 15 advertised products generated mean revenue of kshs.1.4M with a standard error of Kshs. 0.5 M. The 14 non advertised products had a mean revenue of Kshs. 1.0M with standard deviation of Kshs. 0.4 M.At level of significance α = 1.0%, formulate the relevant hypothesis and check if the manager’s claim is legitimate
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A large scale industry manufacturers unique items for sale in the local market.
The sales manager claims that advertisement of the products improves sales. A
sample of 15 advertised products generated mean revenue of kshs.1.4M with
a standard error of Kshs. 0.5 M. The 14 non advertised products had a mean
revenue of Kshs. 1.0M with standard deviation of Kshs. 0.4 M.At level of significance α = 1.0%, formulate the relevant hypothesis and check if the manager’s
claim is legitimate
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