- Direct Mail Advertisers Send Solicitations Junk Mail To Thousands Of Potential Customers In The Hope That Some Will Bu 1 (40.68 KiB) Viewed 70 times
- Direct Mail Advertisers Send Solicitations Junk Mail To Thousands Of Potential Customers In The Hope That Some Will Bu 2 (42.68 KiB) Viewed 70 times
- Direct Mail Advertisers Send Solicitations Junk Mail To Thousands Of Potential Customers In The Hope That Some Will Bu 3 (41.21 KiB) Viewed 70 times
- Direct Mail Advertisers Send Solicitations Junk Mail To Thousands Of Potential Customers In The Hope That Some Will Bu 4 (41.21 KiB) Viewed 70 times
- Direct Mail Advertisers Send Solicitations Junk Mail To Thousands Of Potential Customers In The Hope That Some Will Bu 5 (39.07 KiB) Viewed 70 times
Direct mail advertisers send solicitations (junk mair) to thousands of potential customers in the hope that some will buy the company's product. The response tals is usualy quite low Suppe test the response to a new flyer and sends it to 1200 people randomly selected from their mailing list of over 200.000 people. They get orders from 140 of the recipients Use this information to com through d OD. The company is 95% confident that the percentage of people who will not respond to the fyer falls within the confidence interval bounds Explain what "95% confidence mean OA About 90% of all candomly sampled people will respond to the new yor OB About 90% of all random samples of size 1200 will produce intervals that contain the true proportion of people who will respond to the new y OC. About 95% of all random samples will produce intervals that contain the true proportion of people who will respond to the new ye OD. About 95% of all candom samples of size 1200 will produce intervals that do not contain the true proportion of people who will respond to the new y d) The company mal decide whether to do a mase mailing The maling wont be co-effective unless it produces at least a 5% retum What does your confidence in OA. Do not do the mass maling OB Do the mass maling. Type here to search 7 1 2 3 29. COO $ 4 5 DELL A 6 D 7 B M 9 V 6 O 1-1 P Ne WONMA 1
Direct mail advertisers send solicitations (junk mail") to thousands of potential customers in the hope that some will buy the company's product. The response rate is usually quite low. Suppose a company wants to test the response to a new flyer and sends it to 1200 people randomly selected from their mailing list of over 200,000 people. They get orders from 140 of the recipients. Use this information to complete parts a through d a) Create a 95% confidence interval for the percentage of people the company contacts who may buy something () (Round to one decimal place as needed) b) Explain what this interval means OA. The company is 95% confident that the percentage of people who will respond to the flyer falls within the confidence interval bounds OB. The company is 15% confident that the probability a randomly sampled person will respond to the flyer talls within the confidence interval bounds OC. The values for the entiral bounds should be subtracted from 95% to obtain the company's true confidence level OD. The company is 05% confident that the percentage of people who will not respond to the flyer talis within the confidence interval bounds c) Explain what 95% confidence means OA About 90% of all randomly sampled people will respond to the new yer # Type here to search do 412 44 RU EL 2 fes 149 DELL AR B pets 30 Tome W Next dalana
OD. The company is 95% confident that the percentage of people who will not respond to the fyer fals within the confidence interval bounds c) Explain what 95% confidence" means OA. About 95% of all randomly sampled people will respond to the new flyer. OB. About 95% of all random samples of size 1200 will produce intervals that contain the true proportion of people who will respond to the new yor OC. About 95% of all random samples will produce intervals that contain the true proportion of people who will respond to the nowe fyer OD. About 95% of all random samples of size 1200 will produce intervals that do not contain the true proportion of people who will respond to the new fr d) The company must decide whether to do a mass mating. The maiting won't be cost-effective unless it produces at least a 5% nituen. What does your confidence ? OA. Do not do the mass mailing OB. Do the masa maling ESC Type here to search 4x 412 40 521 e- * El ver C PA DOLL 36 6 B of any wars yet orders from 140 of the recipients. Use this information to complete parts a & 7 8 35 6 ww and Nast VACK