33. E-commerce. A market researcher at a major clothing company that has traditionally relied on catalog mailorder
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33. E-commerce. A market researcher at a major clothing company that has traditionally relied on catalog mailorder sales decides to investigate whether the amount of online sales has changed. She compares the mean monthly online sales of the past several months with a historical figure for mean monthly sales for online purchases. She gets a P-value of 0.01. Explain in this context what the 1% represents.
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Related Book For
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe
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