An advertising agency collected a random sample of 300 businesses targeted with an advertising campaign for a large commercial bank. The sample was used to investigate the efficacy of the advertising campaign. One of the variables measured was whether the business was considering becoming a client of the bank. Of the businesses sampled, 50 of the 300 businesses reported that they were considering becoming a client of the bank. A hypothesis test was conducted to determine if this provides evidence that less than 20% of all businesses were considering becoming a client of the bank. (i) Explain in one or two sentences, in this context, what the population of interest is.
An advertising agency collected a random sample of 300 businesses targeted with an advertising campaign for a large commercial bank. The sample was used to investigate the efficacy of the advertising campaign. One of the variables measured was whether the business was considering becoming a client of the bank. Of the businesses sampled, 50 of the 300 businesses reported that they were considering becoming a client of the bank. A hypothesis test was conducted to determine if this provides evidence that less than 20% of all businesses were considering becoming a client of the bank. (i) Explain in one or two sentences, in this context, what the population of interest is.
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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An advertising agency collected a random sample of 300 businesses targeted with an advertising campaign for a large commercial bank. The sample was used to investigate the efficacy of the advertising campaign. One of the variables measured was whether the business was considering becoming a client of the bank. Of the businesses sampled, 50 of the 300 businesses reported that they were considering becoming a client of the bank. A hypothesis test was conducted to determine if this provides evidence that less than 20% of all businesses were considering becoming a client of the bank.
(i) Explain in one or two sentences, in this context, what the population of interest is.
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