subject
Mathematics, 06.10.2021 19:10 heysonic91

JD is China's largest online retail store. In an effort to design proper promotion strategies for their loyal customers, they randomly selected 100 loyal customers and considered the total purchase amount spent last year by each customer. They also know the annual income of each sampled customer. The data file is available here Download here. In order to offer 10% discount to the loyal customers as their long-run promotion strategy, their business analyst would like to examine whether the average ratio of spent/salary is less than 1.8%. (hint: Define a new column Ratio: Spent/Salary in your data) (i) Set up appropriate hypotheses that the analyst would use. (ii) What is the test-statistic and its value (in three decimal places)? (iii)What is the p-value? (in two decimal places) (iv) What do you think the analyst would conclude with 99% confidence?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
Given that ot =5, xt=12, and ox= 13 is xy tangent to circle o at t? explain.
Answers: 1
question
Mathematics, 21.06.2019 18:00
When y’all answer can y’all explain too !
Answers: 1
question
Mathematics, 21.06.2019 21:50
What is the next step in the given proof? choose the most logical approach. a. statement: m 1 + m 2 + 2(m 3) = 180° reason: angle addition b. statement: m 1 + m 3 = m 2 + m 3 reason: transitive property of equality c. statement: m 1 = m 2 reason: subtraction property of equality d. statement: m 1 + m 2 = m 2 + m 3 reason: substitution property of equality e. statement: 2(m 1) = m 2 + m 3 reason: substitution property of equality
Answers: 3
question
Mathematics, 21.06.2019 22:00
1) prove that 731^3−631^3 is divisible by 100 2) prove that 99^3−74^3 is divisible by 25
Answers: 2
You know the right answer?
JD is China's largest online retail store. In an effort to design proper promotion strategies for th...
Questions
Questions on the website: 13722363