Section A - Regardless of this sample, you feel that the...

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Section A: The company is thinking of launching a new product line and wishes to assess the likely response from regular customers. A survey has been taken showing the following response to a question dealing with customers' satisfaction with the existing product line. On a scale of 1(very dissatisfied) to 5 (very satisfied), the responses from 300 customers were the following: Score of 5:8 or 40% of sample ,,Score of 4:3 or 15% of sample, Score of 3:3 or 15% of sample, Score of 2:4 or 20% of sample, Score of 1:2 or 10% of sample Total sample: 20
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Unformatted text preview: Regardless of this sample, you feel that the actual satisfaction scores of the total target market are normally distributed. Answer the following: What was the data mean or average satisfaction score? What was the mode? What was the median? What was the standard deviation? As a marketing person, which of the statistical results would mean the most to you if you did not know that the population's results were normally distributed? Why? Would your answer be any different to question 5 if you knew that the population was normally distributed? Why?...
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Section A - Regardless of this sample, you feel that the...

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