Section D - would be the null hypothesis? What would be the...

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Section D: You know from previous experience that the most successful new product launches have prelaunch sample satisfaction scores of 4.0. You want to use statistical analysis and hypothesis testing to determine if, given the sample information that you have, the target market will in fact have a mean of at least 4.0. To properly answer this question, what
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Unformatted text preview: would be the null hypothesis? What would be the alternative hypothesis? Assuming that you wish to have a 95% confidence interval in your conclusion, what is the value of the t-statistic and the test statistic? What conclusion can you reach based on the test statistic? In your own words, explain what your t-test has just shown....
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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.

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