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leva [86]
3 years ago
10

An information technology analyst believes that they are losing customers on their website who find the checkout and purchase sy

stem too complicated. she adds a​ one-click feature to the website to make it​ easier, but finds that only about 99​% of the customers are using it. she decides to launch an ad awareness campaign to tell customers about the new feature in the hope of increasing the percentage. she​ doesn't see much of a​ difference, so she hires a consultant to help her. the consultant selects a random sample of recent​ purchases, tests the hypothesis that the ads produced no change against the alternative that the percent who use the​ one-click feature is now greater than 99​%, and finds a​ p-value of 0.240.24. what conclusion is​ appropriate?
Business
1 answer:
igor_vitrenko [27]3 years ago
4 0

Two questions:

what is the confidence level we are looking at?

also the p-value of .240.24? Is that a mistake in typing or is it .240 to the 24 decimal?

Generally, if the p-value is less than the confidence level (alpha) you reject the null hypothesis. The null hypothesis here is that the ads didn't nothing to help.

For instance, if the p-value were .240 and the alpha was .05 you would reject the null hypothesis and say that the ads may have had an effect on the outcome.

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Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.



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3 0
3 years ago
How frequently is a firm required to notify customers regarding how to access brokercheck®?
lara31 [8.8K]

<u>Annually,</u> a firm is required to notify customers regarding how to access BrokerCheck®.

FINRA member firms are required to annually give each of their clients the phone number and website address for BrokerCheck in writing, in accordance with FINRA Rule 2267 (Investor Education and Protection). Additionally, they must yearly notify their clients of the availability of an investor brochure that contains detailed information about BrokerCheck.

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4 0
2 years ago
you are invited to play the following game: an urn holds two white and three black balls, and you draw three balls randomly. If
NemiM [27]

Answer:

That is why i did not play this game.

Explanation:

Lets i have initially $100 .

There are  2 white and 3 black balls.

I have to draw 3 balls

If i draw no white balls, i lose $10; if i draw one white ball, i lose nothing; and if i draw both white balls, you gain $10.

So the final fortune =x

x = 100 x 1/2 x 1/2 x 3/2 x 3/2

x= $56.25

That is why i did not play this game.

5 0
3 years ago
Annie is at the checkout line of the grocery store when she sees a case of candy bars. She then decides to buy them. This is an
g100num [7]
This is impulse buying
7 0
3 years ago
Phil’s filling station gas station operates on a patch on the highway in a patch where there were no gas stations close by. It e
Harman [31]

Answer: Both A and C

Explanation:

The Phil's filling gas station operates on a highway was solo in that area and had no other gas stations nearby.It enjoyed the profit .

Sooner a new gas station opened near Phil's gas station.The profit of the Phil's gas station started decreasing. This was because the it has to lower prices to increase its demand and as there were substitutes available in the market now, people moved to another gas stations for their need.

Both of the cases will decrease its profit.

7 0
4 years ago
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