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Question 21 Questions 21-22 use the same information below. A new product will be launched to the market. The marketing manager claims that they will capture more than 20% of the market. We wish to test the marketing manager's claim based on a random sample of 400 potential customers. Assume a 5% significance level. Question 21. We will conclude that the sample data supports the marketing manager's claim if there are more than k customers in the sample have purchased the product. The value of k is 94 82 86 O 90 O 78

Question 21 Questions 21-22 use the same information below. A new product will be launched to the market. The marketing manager claims that they will capture more than 20% of the market. We wish to test the marketing manager's claim based on a random sample of 400 potential customers. Assume a 5% significance level. Question 21. We will conclude that the sample data supports the marketing manager's claim if there are more than k customers in the sample have purchased the product. The value of k is 94 82 86 O 90 O 78

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Question 21 Questions 21-22 use the same information below. A new product will be launched to the market. The marketing manager claims that they will capture more than 20% of the market. We wish to test the marketing manager's claim based on a random sample of 400 potential customers. Assume a 5% significance level. Question 21. We will conclude that the sample data supports the marketing manager's claim it there are more than k customers in the sample have purchased the product. The value of k is 94 82 86 O 90 O 78
Transcribed Image Text:Question 21 Questions 21-22 use the same information below. A new product will be launched to the market. The marketing manager claims that they will capture more than 20% of the market. We wish to test the marketing manager's claim based on a random sample of 400 potential customers. Assume a 5% significance level. Question 21. We will conclude that the sample data supports the marketing manager's claim it there are more than k customers in the sample have purchased the product. The value of k is 94 82 86 O 90 O 78
O 78 Question 22 Questions 21-22 use the same inforihation below. A new product will be launched to the market. The marketing manager claims that they will capture more than 20% of the market. We wish to test the marketing manager's claim based on a random sample of 400 potential customers. Assume a 5% significance level. Question 22. If this product actually captures 30% of the market, the probability of a Type Il error is closest to O 0.0017 O 0.005 O 0.0132 O 0.01 O 0.0065
Transcribed Image Text:O 78 Question 22 Questions 21-22 use the same inforihation below. A new product will be launched to the market. The marketing manager claims that they will capture more than 20% of the market. We wish to test the marketing manager's claim based on a random sample of 400 potential customers. Assume a 5% significance level. Question 22. If this product actually captures 30% of the market, the probability of a Type Il error is closest to O 0.0017 O 0.005 O 0.0132 O 0.01 O 0.0065
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