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

  Probability between the given values for normal distribution

Find the probability between the given values for normal distribution.

  Develop interval for the proportion to charity

Five percent of the respondents gave $25,000 or more to charity over the previous year. Develop a 95% confidence interval for the proportion who gave $25,000 or more to charity.

  Post hoc comparisons with lsd method

Conduct post hoc comparisons with the LSD method. Which groups differ significantly at α = 0.05?

  A family doctor is interested in examining the relationship

a family doctor is interested in examining the relationship between a patients age and total cholesterol. he randomly

  Formulate lp problem to maximize the total utility of items

Recognizing that the hike to the campsite is a long one, a limit of 35 pounds has been set as the maximum total weight of the items to be carried. Formulate this as a LP problem to maximize the total utility of items carried.

  Suppose the mean and standard deviation obtained were based

a special diet is intended to reduce systolic blood pressure. if the diet is effective the target is to have the

  Develop business research proposal

Identify a business research topic and define the research questions for the identified problem or opportunity

  What do you expect his or her score to be

The average math achievement test score of the population of eighth graders in a large city is known to be 100. You have selected a child at random. Her score turns out to be 110. You select a second child at random. What do you expect his or her ..

  Anova real life examples

Discuss an example where you would use a test of hypothesis with three or more population means (that can be analyzed using ANOVA technique) at your employment or personal life.

  Check hypothesis of no difference in population mean tension

A study was conducted to determine the tension needed by various types of guitar strings in order to produce the proper frequency.- Conduct the appropriate test to check the hypothesis of no difference in population mean tensions.

  Give and describe an example of a nominal measurement

give and describe an example of a nominal measurement

  Grouped frequency table

Describe to a person who has never taken a course in statistics the meaning of a grouped frequency table.

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