The current advertising campaign for a major soft drink brand would be changed if less than 30

Question:

The current advertising campaign for a major soft drink brand would be changed if less than 30 percent of the consumers like it.

a. Formulate the null and alternative hypotheses.

b. Discuss the Type I and Type II errors that could occur in hypothesis testing.

c. Which statistical test would you use? Why?

d. A random sample of 300 consumers was surveyed, and 84 respondents indicated that they liked the campaign.

Should the campaign be changed? Why?

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

Step by Step Answer:

Related Book For  book-img-for-question

Marketing Research : An Applied Orientation

ISBN: 187939

7th Global Edition

Authors: Naresh K. Malhotra

Question Posted: