An IT company is planning to introduce a new product. In order to predict its sales, they release the test version of the product to a group of early-access users. Each user is asked to give a score for the product from 0 to 100. If a user's score is greater than 50, then the user is classified as a potential buyer. a) Suppose you are a researcher and can collect any data as you wish. Briefly discuss what data you would collect, and how you would collect them. What distribution would be the best choice to model the score? What distribution would be the best choice to model being a potential buyer? Be sure to define random variables clearly. Give reasons for your answer. b) The manager decided that if more than 80% of users are classified as potential buyers, they will release the product. How would you conduct a hypothesis test? Make assumptions if you need.
An IT company is planning to introduce a new product. In order to predict its sales, they release the test version of the product to a group of early-access users. Each user is asked to give a score for the product from 0 to 100. If a user's score is greater than 50, then the user is classified as a potential buyer. a) Suppose you are a researcher and can collect any data as you wish. Briefly discuss what data you would collect, and how you would collect them. What distribution would be the best choice to model the score? What distribution would be the best choice to model being a potential buyer? Be sure to define random variables clearly. Give reasons for your answer. b) The manager decided that if more than 80% of users are classified as potential buyers, they will release the product. How would you conduct a hypothesis test? Make assumptions if you need.
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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Transcribed Image Text:An IT company is planning to introduce a new product. In order to predict its
sales, they release the test version of the product to a group of early-access users.
Each user is asked to give a score for the product from 0 to 100. If a user's score
is greater than 50, then the user is classified as a potential buyer.
a) Suppose you are a researcher and can collect any data as you wish. Briefly
discuss what data you would collect, and how you would collect them. What
distribution would be the best choice to model the score? What distribution
would be the best choice to model being a potential buyer? Be sure to define
random variables clearly. Give reasons for your answer.
b) The manager decided that if more than 80% of users are classified as potential
buyers, they will release the product. How would you conduct a hypothesis
test? Make assumptions if you need.
Please give some detailed reasons, i will be very very appreciate!!!!!
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