Difference between sample estimate and actual market share

Assignment Help Basic Statistics
Reference no: EM131438860

Question: If a manufacturer conducted a survey among randomly selected target market households and wanted to be 95% confident that the difference between the sample estimate and the actual market share for its new product was no more than {2%, what sample size would be needed?

Reference no: EM131438860

Questions Cloud

What types of group roles are there : Every group, whether social or professional, has roles that need to be filled in order for the group to function effectively. Sometimes, people choose the role they want to play. At other times, people may naturally fall into a role without even r..
What is the impact of media inaccuracy on the users : Do you belong to any play community and have you ever thought about changing rules of games? Why? And how did that turn out?
What would a deontologist like immanuel kant recommend : Write a paper addressing this topic, supporting your position with credible research. You may begin your research with suggested Resources, but you are also expected to conduct your own independent research into the scholarly and professional reso..
You think small businesses play in most economies : Question 1: What roles do you think small businesses play in most economies? Question 2: As a small business goes international through incremental stages instead of as a global start-up, what unique benefits does it have? Can you identify any obs..
Difference between sample estimate and actual market share : If a manufacturer conducted a survey among randomly selected target market households and wanted to be 95% confident that the difference between the sample estimate and the actual market share for its new product was no more than {2%, what sample ..
Sign prevent alexandra : When she complains to the club manager, he directs Alexandra's attention to a sign on the wall that states ‘The management takes no responsibility whatsoever for goods lost, damaged or stolen while using these facilities'. Does the sign prevent Al..
Discuss the issue of damages and evidential matters : That night the factory was burgled and $20,000 worth of jewellery stolen. Discuss the issue of damages and any evidential matters that may be relevant.
What mistakes does richard make in the story : What mistakes does Richard make in the story "Paperback Book" and what qualities does a good relationship have? Discuss the actions or situations that can end up helping to destroy a relationship
National park scenic spot famous : John entered into a 2 year agreement with the Blue Mountains City Council to lease a cafe at a popular National Park scenic spot famous for its views overlooking the Grose Valley.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd