Half of market share, Applied Statistics

Your company has developed a new product .Your company is a reputed company with 50% market share of same range of products. Your competitors also come with their new products equal to your new product. Based on your previous experience,
you initially estimated that, your market share of the new product would be 50%. You carry out random sampling of 25 customers who have purchased the new product ad realize that only 8 of them have actually purchased your product. Plan a hypothesis test to examine whether you are likely to have a half of market share. 

Posted Date: 3/20/2013 3:50:49 AM | Location : United States







Related Discussions:- Half of market share, Assignment Help, Ask Question on Half of market share, Get Answer, Expert's Help, Half of market share Discussions

Write discussion on Half of market share
Your posts are moderated
Related Questions
This question explores the effect of estimation error on apparent arbitrage opportunities in a controlled simulation setting. We simulate returns for N = 10 assets over T = 30 year

Motion Picture Industry (95 Points) The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and t

Poisson Distribution The poisson Distribution  was discovered  by French mathematician simon  denis  poisson. It is a discrete probability distribution. Meaning : In bi

The cornlnunalities h j represent the fraction of the total variance' 'accounted for of variabie j. Ry calculating the communalities we can keep track of how much of-the orig

discuss the mathematical test of adequacy of index number of formulae. prove algebraically that the laspeyre, paasche and fisher price index formulae satisfies this test. What is

Read the following data on the economy of Angoia and answer/respond to the questions/instructions that follow. Unless otherwise stated, the monetary figures are in real billions o

Caveat We must be careful when interpreting the meaning of association. Although two variables may be associated, this association does not imply that variation in the independ

Question 1 Suppose that you have 150 observations on production (yt) and investment (it), and you have estimated the following ADL(3,2) model: (1 – 0.5L – 0.1L2 – 0.05L3)yt = 0.7

Advantages It is especially useful in case of open-end classes since only the position and not the values of items must be known. The median is also recommended if th

#In planning the teaching assignments for next semester, Mr. Hinton must have a teacher in each of the 7 grades during each of the 6 periods of the day. If he has 10 teachers to ch