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natita [175]
3 years ago
9

We use a t distribution for inference about a population mean instead of the standard Normal distribution:

Business
1 answer:
bazaltina [42]3 years ago
6 0

Answer:

(c) If we do not know the population standard deviation and must use the sample standard deviation

Explanation:

A t distribution is used for the inference about the population mean if the population standard deviation (sigma) is unknown. The sample standard deviation (s) is used instead.

The test statistic of a t distribution is given as (sample mean - population mean) ÷ (sample standard deviation ÷ sqrt(sample size))

The test statistic of a standard normal distribution is given as (sample mean - population mean) ÷ (population standard deviation ÷ sqrt(sample size))

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A small electronics company designs and manufactures bluetooth speakers.
kiruha [24]

Answer:

Given that this is not the company's first production, it means that they have some history in the market.

At this time, they ought to have some performance with regard to price, product, place, performance, and positioning. This sort of information is usually gleaned from:

  • Sales figures (Invoices)
  • Number and type of clients (Invoices)
  • Feedback from the market via dealers, consumers etc.
  • Reviews (Online and offline)
  • Financial Statement

When a forecast is made base on predictive values such as the above, it is called Forecast based on historical data.

The management team will take all the above into account in redesigning it's marketing Ps.

  1. Price
  2. Product
  3. Positioning
  4. Place
  5. Promotion
  6. People and
  7. Process

The management team will answer question such as:

  • Do we increase or reduce our price? or do we leave it as it is but modify it to using psychological pricing to attract more sales;
  • What upgrades do we need to make to the products if at all?
  • How do we position or reinforce the position of the products in the mind of the consumers?
  • How do we get the products to more consumers/buyers? online? offline? completely new markets?
  • How best do we promote the products?
  • Who do we need to execute the marketing plan?
  • what modifications do we need to do to our process to enable us to achieve the marketing goals?
  • do our products contain a physical evidence of what we have promised during the promotion/positioning?

Answers to all these questions will help the marketing improve on its previous marketing strategy.

Cheers!

4 0
4 years ago
Jason, a high-school student, mows lawns for families in his neighborhood. the going rate is $12 for each lawn-mowing service. j
Snowcat [4.5K]
For the answer to the question above, I<u><em> believe the answer is </em></u><span><u><em>If Jason raises his price he would lose all his customers.</em></u></span>

Because a teenager could do that and he doesn't need an experience for lawn mowing and if you'll gonna increase your price. Be sure that you offer something additional or something special. A price hike in a competitive market is not good at all. Whether it's a big or a small business
8 0
4 years ago
Question 1
Sladkaya [172]

Answer:

their own income is correct

5 0
3 years ago
According to hitler, to whom must propaganda be directed?
zimovet [89]
The less educated masses
4 0
4 years ago
The free market is moral because it’s based on merit. Individuals are rewarded when they produce goods and provide services that
kakasveta [241]

Answer:

moral of the market

Explanation:

According to my research on the free market, I can say that based on the information provided within the question this is also referred to as the moral of the market. This, like mentioned in the question, is basically the act of thinking about other people as well as what is morally right when dealing with production and selling of goods in a free market.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
4 years ago
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