=+49. E-commerce. A market researcher at a major clothing company that has traditionally relied on catalog mail-order

Question:

=+49. E-commerce. A market researcher at a major clothing company that has traditionally relied on catalog mail-order sales decides to investigate whether the amount of monthly 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% means.

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

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics Plus Pearson Mylab Statistics With Pearson Etext

ISBN: 978-1292243726

3rd Edition

Authors: Norean R Sharpe ,Richard D De Veaux ,Paul Velleman

Question Posted: