Free gift, part 2. The philanthropic organization of Exercise 42 decided to go ahead with the new

Question:

Free gift, part 2.

The philanthropic organization of Exercise 42 decided to go ahead with the new gift. In mailings to 98,000 prospects, the new mailing yielded an average of $0.78. If they had decided based on their initial trial not to use this gift, what kind of error would they have made? What aspects of their initial trial might have suggested to you (as their consultant) that a larger trial would be worthwhile?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

Question Posted: