Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Discussion In the research process for Frito-Lay Company, many different numerical questions were raised regarding Frito-Lay products, advertising techniques, and purchase patterns among Hispanics. In

image text in transcribed
Discussion In the research process for Frito-Lay Company, many different numerical questions were raised regarding Frito-Lay products, advertising techniques, and purchase patterns among Hispanics. In each of these areas, statistics - in particular, hypothesis testing - plays a central role. Using the case information and the concepts of statistical hypothesis testing, discuss the following: 1. Many proportions were generated in the focus groups and market research that were conducted for this project, including the proportion of the market that is Hispanic, the proportion of Hispanic grocery shoppers that are women, the proportion of chip purchasers that are teens, and so on. Use techniques you learned to analyze each of the following and discuss how the results might affect marketing decision makers regarding the Hispanic market. a. The case information stated that 63% of all U.S. Hispanics are Mexican American. How might we test that figure? Suppose 850 U.S. Hispanics are randomly selected using U.S. Census Bureau information. Suppose 575 state that they are Mexican Americans. Test the 63% percentage using an alpha of 05 . Please read the Minitab result and explain the conclusion. sumbers numes thet at e. b. Suppose that in the past, 94% of all Hispanic grocery shoppers were women. Perhaps due to changing cultural values, we believe that more Hispanic men are now grocery shopping. We randomly sample 689 Hispanic grocery shoppers from around the United States and 606 are women. Does this result provide enough evidence to conclude that a lower proportion of Hispanic grocery shoppers now are women? Please read the Minitab result and interpret it. Test ans ci for one Prepertien c. What proportion of Hispanics listen primarily to advertisements in Spanish? Suppose one source says that in the past the proportion has been about .83. We want to test to determine whether this figure is true. A random sample of 438 Hispanics is selected, and the Minitab results of testing this hypothesis are shown here. Discuss and explain this output and the implications of this study using =.05

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions