Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As a marketing associate for a sports apparel company, we see that, in 2011, 44.2% of our customers checked reviews of our new products on

As a marketing associate for a sports apparel company, we see that, in 2011, 44.2% of our customers checked reviews of our new products on social media sites before buying. This year, to see if that percentage has increased, we use an email campaign to survey our recent customers. Of 39,994 respondents, 17,885 said that, before buying, they checked reviews of the product they purchased on social media.

a.)Based on this survey, what is the point estimate of the proportion of our customers who check social media reviews?

b.)Test whether the increase indicated by this point estimate is statistically significant?

c.)Compute a 95% confidence interval for the percentage of customers using social media before buying. What do we think about it?

d.)What is the power of the test in part b?

e.)Based on this analysis, would you recommend any changes in our social media marketing approach?

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

Transportation A Global Supply Chain Perspective

Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard

8th edition

9781305445352, 1133592961, 130544535X, 978-1133592969

More Books

Students also viewed these Mathematics questions