This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: research? Assume the population is normally distributed. What is the likely ramification of having too small a sample? You also wonder if there is any correlation between household income and the satisfaction index on the new product, so you extract some more data from the market research, and add it to the table above. Average household income: Score of 5:8 $38,000 Score of 4:3 $50,000 Score of 3:3 $48,000 Score of 2:4 $80,000 Score of 1:2 $85,000 Total sample: 20...
View Full Document
This note was uploaded on 06/04/2011 for the course ECONOMIC 250 taught by Professor Quiles during the Spring '10 term at University of Phoenix.
- Spring '10