Calculate a confidence interval for the population, Basic Statistics

Assignment Help:

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?


Related Discussions:- Calculate a confidence interval for the population

Amplification, Amplification is the process by which the magnitudes of the ...

Amplification is the process by which the magnitudes of the variable quantity is increasing, especially the magnitude of voltage, current or power, without changing any other quant

Cronbach alpha, How to calculate manually Cronbach alpha

How to calculate manually Cronbach alpha

Management accounting, Q. CRSL has a large auditorium which can cater for ...

Q. CRSL has a large auditorium which can cater for 300 people and is ideal for formal balls and functions. The auditorium can also be reconfigured to cater for 100 people. The Sea

Peanuts and cost accounting, EFF EX: Joe, you said you put in these peanuts...

EFF EX: Joe, you said you put in these peanuts because some people ask for them, but do you realise what this rack of peanuts is costing you? JOE: It ain''t gonna cost. ''sgonna be

Statistical inference, A study was conducted at a major north-eastern Ameri...

A study was conducted at a major north-eastern American medical centre regarding blood cholesterol levels and heart-attack incidents. A total of 28 heart-attack patients had their

How will the adoption of ifrs change financial reporting, How will the adop...

How will the adoption of IFRS change financial reporting by companies? Manager 1: The new rules will definitely change the way our organization prepares financial statements.

Research, tools and techniques used in quantitative research

tools and techniques used in quantitative research

Certificate of participation [cop), Certificate of participation [cop) A d...

Certificate of participation [cop) A debt financing agenda administered by the Office of the State Treasurer, A COP is an instrument evidencing a pro rata split in a exact pledged

Spectrum, example for pure and impure spectrum

example for pure and impure spectrum

#title.research.methods and statistics, identify a research report publishe...

identify a research report published by reputable agencies and evaluate the following ;the problem that was addressed

Write Your Message!

Captcha
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