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Suppose That The National Average
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Suppose That The National Average
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• Suppose that the national average response rate
  for rebates is 10 (i., 10 of people offered
  rebates actually send in the information)
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• Suppose that the national average response rate
  for rebates is 10 (i.e., 10 of people offered
  rebates actually send in the information). Your
  company recently ran rebates in 15 test markets
  and had an average response rate of 12. Is your
  response rate different than the market average?
• a) what are the appropriate hypotheses?
• b) what is the critical value for alpha
  10?       
• c) what is the value of the test
  statistic?          
• d) what is the p-value associated with your test
  statistic gt          

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Suppose That The National Average
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