An advertising agency is looking for magazines in which to advertise inexpensive imitations of designer clothing. Their
Question:
An advertising agency is looking for magazines in which to advertise inexpensive imitations of designer clothing. Their target audience is households earning less than $30,000 a year. A study estimates that a 95 percent confidence interval for the average household income of readers of one magazine is $32,000 ± $1,200. Is the agency correct in concluding that the people in their target audience do not read this magazine?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
Question Posted: