Question

Six months ago, Goodbuys supermarkets launched their new website which allows customers to shop online. The...

Six months ago, Goodbuys supermarkets launched their new website which allows customers to shop online. The web development company who created the web site believes that 10% of Goodbuy’s customers will use the site for shopping. Goodbuy’s management is interested in whether the actual proportion of customers who would shop online is any different to that claimed by the web development company. A sample of 400 randomly selected Goodbuys customers was taken. Of the 400 customers, 28 said they would use the new website to shop online. QUES 1 ( 4 POINTS ) Write down the null and alternative hypotheses in both symbols and words for the above situation. Question 2 (1 point) What type of test are we conducting? Question 3 (2 points) Describe the rejection region for this test (Use 5% level of significance). Question 4 (2 points) What is the decision rule for this test? Question 5 (3 points) Write down the formula/s for the test statistic and calculate its value. Question 6 (3 points)What is the conclusion of the test? Question 7 (3 points) Goodbuys is considering expanding their website (at a considerable cost). Given this, what are the implications for Goodbuys if a Type I error occurs.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
QUESTION 1 Which of the following is not a transaction category? Banking Employees and Payroll Customers...
QUESTION 1 Which of the following is not a transaction category? Banking Employees and Payroll Customers and Sales Company Preferences 4 points    QUESTION 2 Which report summarizes what a company has earned and the expenses incurred to earn the income? Balance Sheet Statement of Cash Flows Accounts Payable Report Profit and Loss Statement QUESTION 3 What is the primary objective of accounting? The primary objective of accounting is to provide information to the Internal Revenue Service (IRS) to ensure the...
3. A store is trying out a new self-checkout system. They have had complaints from customers...
3. A store is trying out a new self-checkout system. They have had complaints from customers about errors in pricing in the new system, so the store runs a sample check. Out of 800 scanned items, they identify 24 items that had the wrong price entered through the self-checkout system. (a) What is the estimate of the population proportion of errors in the new self check-out system? (2 points) (b) Their old system had an error rate of 0.04 or...
Business Problem-Solving Case Walmart and Amazon Duke It Out for E-Commerce Supremacy Walmart is the world’s...
Business Problem-Solving Case Walmart and Amazon Duke It Out for E-Commerce Supremacy Walmart is the world’s largest and most successful retailer, with $487.5 billion in 2014 sales and nearly 11,000 stores worldwide, including more than 4,000 in the United States. Walmart has 2.2 million employees and ranks first on the Fortune 500 list of companies. Walmart had such a large and powerful selling machine that it really didn’t have any serious competitors—until now. Today, Walmart’s greatest threat is Amazon.com, often...
Wal-Mart Online Wal-Mart is one of the largest companies in America. It is definitely the largest...
Wal-Mart Online Wal-Mart is one of the largest companies in America. It is definitely the largest retailer, both in terms of the number of stores (8,970 worldwide in 2011) and the level of sales ($419 billion from the 2011 Annual Report). By pushing suppliers to continually reduce costs, Wal-Mart is known for pursuing low prices and the stores often attract customers solely in-terested in lower prices. With Wal-Mart’s expansion into groceries, the company has be-come the largest retail grocer in...
Jim Watanabe was in his new car, driving down I-5, on his way to work. He...
Jim Watanabe was in his new car, driving down I-5, on his way to work. He dreaded the phone call he knew he was going to have to make. The original go-live date for a pilot implementation of Petrie Electronics’ new customer relationship management (CRM) system was July 31. That was only six weeks away, and Jim knew there was no way they were going to be ready. The XRA CRM they were licensing turned out to be a lot...
Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders’ attitudes...
Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders’ attitudes towards investing. Prior to launching the company, the co-founders interviewed over 200 people asking them “If I gave you $50 right now, and you had to do something with it in the next 5 minutes what would you do?” Only 5 out of 200 people chose an option to save or invest the $50. More popular options were bills, online shopping, coffees, vouchers, food,...
Case 3: Bank of America: “Keep the Change” Service Design What is best practice in service...
Case 3: Bank of America: “Keep the Change” Service Design What is best practice in service development? It is very similar to product development as the following combination financial product/service project illustrates. The goal of this service development project was to get debit-card holders to open savings accounts. In the spring of 2004, a team of Bank of America researchers and consultants spent two months observing a dozen boomer-age women and their families when they shopped, balanced their checkbooks, and...
Answer these questions for the case study: Purple Innovation, Inc.: The Online to Offline Marketing Challenge...
Answer these questions for the case study: Purple Innovation, Inc.: The Online to Offline Marketing Challenge (a) Delineate what marketing data analytics and metrics were used by Purple Innovation, Inc to assess the effectiveness of their marketing actions and marketing campaigns. (There are many.) Within your answer, provide the type of analytics and /or metrics and for each one, and, for each one, an example of specific dollars, numbers, percentages that were provided in the case. (Be sure to include...
Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders’ attitudes...
Everyday investment company Sharesies was launched in February 2017, after conducting research on New Zealanders’ attitudes towards investing. Prior to launching the company, the co-founders interviewed over 200 people asking them “If I gave you $50 right now, and you had to do something with it in the next 5 minutes what would you do?” Only 5 out of 200 people chose an option to save or invest the $50. More popular options were bills, online shopping, coffees, vouchers, food,...
A medical researcher would like to determine how effective a new form of knee surgery is...
A medical researcher would like to determine how effective a new form of knee surgery is for treating knee pains. (In particular, is there a relationship between surgery status and pain reduction status?) He gathers 500 people with knee pain who are scheduled to have this surgery, and 500 people with knee pain who are not scheduled to have this surgery. He follows up with both groups after 2 months and determines the number of participants of each group who...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT