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Shtirlitz [24]
2 years ago
5

A large beer company previously had a yearly budget of $50 million per year for advertising but increased the budget to $60 mill

ion in order to run a commercial during the Super Bowl. That year revenues increased by 1%. Should the beer company continue with the increased advertising budget?
Business
1 answer:
ella [17]2 years ago
4 0

Answer:

Yes they can continue advert but only if the 1% is equivalent or greater than the 10$ spent on advert.

Explanation:

There is an increase in revenue by 1%, this indicates that a number of people were attracted to the product because of the advert. With this the company might do better with consistent advert in subsequent year. They can change the channel of advert, improve on the quality of advert or change the time and location of the advert. Infarct, the 1% increment in revenue can be up to 20$ since we are not sure of the exact company's revenue. But if the 1% is far lower than the amount spent, the company can seek advice from professionals.

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Which of the following statements is true of sampling error? Group of answer choices It occurs when a sample somehow does not re
ludmilkaskok [199]

Sampling error occurs when a sample somehow does not represent the target population.

Answer:

Statement  (A) is true

<u>Explanation:</u>

Sample means a small group selected from a large group.The large group from which a sample is selected is called the population.Basically a sample is selected to draw conclusions regarding population because it is not possible to study the entire sample.But if sample sample does not represent the target population then our conclusions will not be accurate.This will give rise to sampling errors.

If occurs when sample is biased.So we need to be very careful while selecting a sample.It must represent the entire population not just a part of population.

Sampling error can be reduced by increasing the size of population,dividing population in groups,select appropriate population.

Sampling error occur when population is not correct as per our requirement,or when sample is selected randomly.It may also occur when sample selected does not respond ,at that time it becomes difficult to draw conclusions regarding population.

8 0
2 years ago
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the ave
Goshia [24]

Answer:

352,000

Explanation:

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6 0
2 years ago
A streaming music site changed its format to focus on previously unreleased music from rising artists. the site manager now want
pishuonlain [190]

Answer : The p-value of 0.0743 is greater than alpha at 0.05; so we fail to reject the null hypothesis and conclude that there is no significant difference in the number of unique users before and after a change in policy.

In this question, the manager wants to know if the number of users has changed.

So, the null and alternate hypotheses are:

Null Hypothesis: {H_{0}}: \mu = 131,520

Alternate Hypothesis : {H_{1}}: \mu \not\equiv 131,520

Type of test : Two-tailed test

The level of significance is 95%

We can calculate alpha (α) as follows:

\alpha = 1- Confidence Level

\alpha = 1- 0.95
\alpha = 0.05

The p value = 0.0743.

We use the following rules to arrive at a conclusion when p-values and alpha is given:

If p-value < \alpha, reject the null hypothesis

If p-value \geq \alpha, we don't reject the null hypothesis.

Since the p-value is greater than alpha, we don't reject the null hypothesis.

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2 years ago
Duncan Corp. introduces four modified versions of its popular brand of Maxims morning cereal. The four new variants of cereal in
pav-90 [236]

Answer:

Line extension

Explanation:

Duncan Corp. is applying the strategy of diversifying an existing successful product line by introducing new variations of the product. This approach of  adding variety to a existing product aiming to expand its customer base  is known as line extension.

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