Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8.45 How do Millennials respond to content marketing? According to a NewsCred study, 31% of Millennials are more likely to buy if the brand delivers

image text in transcribed
8.45 How do Millennials respond to content marketing? According to a NewsCred study, 31% of Millennials are more likely to buy if the brand delivers interesting content that teaches them something. (Data extracted from "Build brand loyalty with millennials with meaningful content," February 25, 2015, bit.ly/1BbXLPP.) a. To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within \pm 0.04 of the population proportion, how large a sample size is required? b. To conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within \pm 0.04 of the population proportion, how many people need to be sampled? c. To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within \pm 0.02 of the population proportion, how large a sample size is required? d. To conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within \pm 0.02 of the population proportion, how many people need to be sampled? e. Discuss the effects on sample size requirements of changing 8.45 How do Millennials respond to content marketing? According to a NewsCred study, 31% of Millennials are more likely to buy if the brand delivers interesting content that teaches them something. (Data extracted from "Build brand loyalty with millennials with meaningful content," February 25, 2015, bit.ly/1BbXLPP.) a. To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within \pm 0.04 of the population proportion, how large a sample size is required? b. To conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within \pm 0.04 of the population proportion, how many people need to be sampled? c. To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within \pm 0.02 of the population proportion, how large a sample size is required? d. To conduct a follow-up study that would provide 99% confidence that the point estimate is correct to within \pm 0.02 of the population proportion, how many people need to be sampled? e. Discuss the effects on sample size requirements of changing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions