Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Companies that had recently developed new products were asked to rate which activities are most difficult to accomplish with new products. Options included such activities

Companies that had recently developed new products were asked to rate which activities are most difficult to accomplish with new products. Options included such activities as assessing market potential, market testing, finalizing the design, developing a business plan, and the like. An analyst wants to conduct a similar study to compare the results between two industries: the computer hardware industry and the banking industry. He takes a random sample of58computer firms and83banks. The analyst asks whether market testing is the most difficult activity to accomplish in developing a new product. Some 46% of the sampled computer companies and 57% of the sampled banks respond that it is the most difficult activity. Use a level of significance of 0.20 to test whether there is a significant difference in the responses to the question from these two industries. (Round the intermediate values to 3 decimal places, e.g. 0.759. Round your answer to 2 decimal places, e.g. 0.75.)

Observedz= ?

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_2

Step: 3

blur-text-image_3

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

Introduction to graph theory

Authors: Douglas B. West

2nd edition

131437372, 978-0131437371

More Books

Students also viewed these Mathematics questions

Question

Q3: Prove: For any sets A and B, Ax B = B A ?

Answered: 1 week ago

Question

Examine the IQR for each region. Which is greater?

Answered: 1 week ago