Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9. The click-through proportion for an offer on of the company's website has been 0.08. To improve the click-through proportion, this offer has been redesigned

image text in transcribed
9. The click-through proportion for an offer on of the company's website has been 0.08. To improve the click-through proportion, this offer has been redesigned and it was randomly shown to 500 visitors. 55 of the 500 people that saw the new part clicked on the offer. Is the click-through proportion of the redesigned part higher than 0.08? (a) What is the null hypothesis and what is the alternative hypothesis? (b) What is the value of the test statistic? Round your test statistic to 2 digits after the decimal point. (To get an answer good to 2 digits, compute the standard error to 5 digits.) (e) What is the p-value of the test? Round your p-value to 3 digits after the decimal point (d) Using the p-value method do we reject or not reject He at the 05 level of significance? Reject or Not Reject

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

Corporate Finance Principles And Practice

Authors: Denzil Watson, Antony Head

5th Edition

0273725343, 978-0273725343

More Books

Students also viewed these Finance questions

Question

What jobs have you enjoyed the most? The least? Why?

Answered: 1 week ago

Question

Date the application was sent

Answered: 1 week ago

Question

Describe six biases affecting perception.

Answered: 1 week ago

Question

State the three objectives of the book.

Answered: 1 week ago