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A Shoe manufacturing company designs a new shoe (Brand A) and it wanted to compare its fit with that of the leading brands in the market Nike and Reebok. 27 Customers were asked to try one of the brands and rate its comfort which was measured on 1 (bad) to 9 (good) scales. The new shoe will be introduced only if it is preferred over the other 2 brands. The scores are given below:
Nike Reebok Brand A
7 4 3
5 6 5
8 7 8
7 8 5
5 4 9
6 6 7
8 3 8
5 7 5
7 6 6
H (1): Is Brand A preferred over Nike?
H (2): Is Brand A preferred over Reebok?
The CEO of supermarket 'Taste' thinks of opening a branch in another shopping mall in Hong Kong. But before that he wants to study the consumer's preference for a particular store based on the variety of items sold in that store. He would compare his store with the leading supermarket chains like PNS and Welcome in a study in which 30 consumers participate. They are given a questionnaire which listed the variety of products sold in a particular departmental store for different item categories and asked them to rate their preference for that store which was measured on a 10 pointer scale, 1 (less preferred) and 10 (more preferred). These are then averaged for a single consumer and are given below in a table.
PNS Welcome Taste
3 4 6
4 6 7
6 5 4
7 4 8
8 3 9
9 6 4
6 8 5
7 6 4
6 4 7
5 8 7
The CEO will open a branch only if consumers prefer 'Taste' departmental store over PNS and Welcome. What will be his decision?
An individual has $ 100 initially. He repeatedly plays a game of chance in which he earns $ 100 with probability 0.8 or loses $ 100 with probability 0.2. The stops playing at the f
Use the following four data sets for problem 1. Be aware that this is a very interesting series of data sets with some special properties. I do not have data files for these data,
Consider the manufacturing system presented in the article by Yu and Bricker (1993). The management would like to purchase new machine tools more reliable and more high accuracy
A testing organization is evaluating the effectiveness of sinus relief tablets, Relief and SineOut. As part of the analysis the organization collects 44 sinus sufferers and random
3. In a management class of 100 students’ three languages are offered as an additional subject viz. Hindi, English and Kannada. There are 28 students taking Hindi, 26 taking Hindi
difference between histogram and historigram
importance of statistics
Definition of brokerage is termed as a fee paid to a broker for services. BROKERAGE is a fee which is paid to the broker for his/her services to act as an intermediary between the
which one is better skewed or kurtic distributed data?
The BBC hosts a homophone quiz on its website; your task for this lab is to develop an automatic method for completing the quiz, with the aim being to get as high a score as possib
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