cafashions
.docx
keyboard_arrow_up
School
Villanova University *
*We aren’t endorsed by this school
Course
1230
Subject
Marketing
Date
Feb 20, 2024
Type
docx
Pages
3
Uploaded by DukeSquirrelMaster1017
07-14-2016
CA FASHIONS
Cherilyn “Cher” Horowitz is Chief Marketing Officer for CA Fashions, a Los Angeles-based
fashion retailer catering to young women with over 350 mall-based stores across the United
States. Cher is currently evaluating an in-store kiosk that allows patrons to try on garments
virtually, using computer vision and artificial intelligence to automatically determine whether the
outfit is a “match” or “mis-match.” Skeptical, Cher has decided to pilot the kiosk in several stores
to measure its impact. She will randomly select stores for the pilot, install a kiosk in each one,
and monitor the pilot stores’ sales performances for one month. The observed impact of the
kiosk will obviously be random for each store. She thinks it is reasonable to assume that the
increase in each store’s sales will approximately follow a normal distribution.
a)
Assume the kiosk has a mean monthly impact of $5,000 with a standard deviation of
$2,000. What is the probability that one pilot store chosen at random shows an impact
less than $4,000?
b)
Still assuming that the kiosk has a mean impact of $5,000 and a standard deviation of
$2,000, suppose Cher pilots the kiosk at 4 stores. What is the probability that the
average
impact at the 4 stores is less than $4,000? c)
Suppose instead that Cher pilots the kiosk at 16 stores. What is the probability that the
average
impact at the 16 stores is less than $4,000? d)
Now suppose that Cher pilots the kiosk at 64 stores. What is the probability that the ©
2016 by the Kenan-Flagler Business School, University of North Carolina, Chapel Hill, NC 27599-3490. Not to be reproduced without permission. All rights reserved.
This case was prepared by slaves to fashion (as if) Wendell Gilland, Adam J. Mersereau, Alan W. Neebe as a basis for class discussion rather
than to illustrate the effective or ineffective handling of an administrative situation.
2
average
impact at the 64 stores is less than $4,000?
1996 by the Kenan-Flagler Business School, University of North Carolina, Chapel Hill, NC 27599-3490. Not to be reproduced without permission. All rights reserved.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
* Hame
Gradebook
Week 1 actice Asignmet-x
O ttps//appmyeducator.com/counelactivity.t/1844/270721506109441/
Which of the following is A curent trend in consumer behavior
Decreased customer need for accessing information prior to a purchase
OIncreased consumer reluctance to share data with businesses they interact with
O Availablity of premium options for devoted and loyal customers of a business
The need to create a seamless user experience on an easy to-use company website
Which of the folloving describes the form of data Kantar may present to marketers?
Ut providesa qualitative and quantitative segmentation opproach that oncovers the functional, sociall and emotional drivers of consumer behvior within a
given market.
Ditves companies a major presence on social networking sites as this alows them to interact with their current and potensal consumers in new ways
On stresses the subjective meaning of the consume's individual expertience and the idea that any behavior is subject to mutple…
arrow_forward
Cick on The x
C blever | Portal
Freckle Student Dashboard
Dashboard
6 BigBlueButton Independern x
udent.freckled
Clever | Portal
clever.com
Probability -1r
You can earn'S coins
Eunice selected a random sample of Seattle residents and polled them about traffic solutions. Which population
could Eunice draw conclusions about?
A) entire Seattle population
B) Seattle homeowners
C) Seattle residents who own a car
D) Seattle residents who take the bus
A
B
Submit
rch
arrow_forward
identify dependent and independent variables in this statement "We asked first 600 and then 1000 customers to think of a brand/product/service they loved and they disliked. We then asked them to write a divorce letter to the disliked brand and a love letter to the brand they admired, and to score these two brands on a scale from 1 to 10. In this way, we had a benchmark for the perception of the loved and the disliked brands."
arrow_forward
Creative Homework/Short Projecr As a member of anevv product team with your company, you are working to develop an electric car jack that would makechanging car tires easier. You are considering conducting a test market for this nevv product. Outline thepros and cons for test marketing this product. Whatare your recommendations?
arrow_forward
When is used Decision table testing?
arrow_forward
MHG LLC is a perfumes company. it has 8 different brands, each brand has a different quality. However, in each brand, there are a variety of scents with same quality.
what type of differentiation MHG exercise? please explain? and graph if possible.
arrow_forward
Case Discussion Questions
-What features matter to customers, and which do not?
-What would the optimal wearable look like?
-Are you worried at all about the sample—are customers who visit the retailer representative of those who might purchase online?
-If you were to cluster the customers first, and then run a separate conjoint on each cluster, do you think the results would vary? Could the company create different wearables to satisfy multiple segments?
-What features do you wish the company had included that might appeal to customers more?
arrow_forward
1. Give a specific example and scenario in Hospitality Industry that we can apply the
Data Analysis Cycle.
Identify the
Problem
Identify
Available Data
Sources
Identify if
Additional Data
Sources are
needed
Statistical
Analysis
Implementation
and
Development
Communicate
Results
Maintenance
arrow_forward
Product: Little Caesars (regular pepperoni pizza)
Design a basic questionnaire to collect primary information about this product
arrow_forward
O Login
S Schoology
O Werekoze by Sociel Mula
V Deshboard |Kha
hayscisd. schoology.com/common assessmont-delivery/start/56003126912aclion-oaresume&subm
sionld=747
O Lehman Bookmarks
G Image result for fan..
G Image result for fan.
S Aware
Q3: Internal Ballistics
INDIVIDUAL v characteristics are those that help narrow down to a specific individual/item.
DELL
arrow_forward
Difference between Business statistics and Business Analytics”.
arrow_forward
Factors influencing consumer trust on online grocery shopping in Sri Lanka.Literature Review (No AI)Reference style harvard 25 referenceswords (2500-3000)DV = Consumer TrustIV_01 = Social InfluenceIV_02 = Trustworthiness of vendorsIV_03 = Perceived SecurityIV_04 = Quality issuesGuidelines:REVIEW OF RELATED LITERATURE AND STUDIESChapter 2 is a review of the literature. It is important because it shows what previous researchers have discovered. It is usually quite long and primarily depends upon how much research has previously been done in the area you are planning to investigate. This chapter should include the following information: Brief introduction of the chapter – what would be the contents of this chapter? What topics are to be discussed in detail? The literature review should present the following;•All variables and its relationships should have been explained with necessary references•Compare•Contrast•Comment•Conclude•References should be there for the following•Date, year,…
arrow_forward
An advertising executive claims that there is a difference in the mean household income for credit cardholders of Visa Gold and of MasterCard Gold. A random survey of 15 Visa Gold cardholders resulted in a mean household income of $68,420 with a standard deviation of $9100. A random survey of 6 MasterCard Gold cardholders resulted in a mean household income of $59,200 with a standard deviation of $9200. Is there enough evidence to support the executive's claim? Let μ1 be the true mean household income for Visa Gold cardholders and μ2 be the true mean household income for MasterCard Gold cardholders. Use a significance level of α=0.05 for the test. Assume that the population variances are not equal and that the two populations are normally distributed.
Step 1 of 4:
State the null and alternative hypotheses for the test.
Step 2 of 4:
Compute the value of the t test statistic. Round your answer to three decimal places.
Step 3 of 4:
Determine the decision rule for rejecting the…
arrow_forward
TV and Social Media: Nielsen Social Content RatingsNielsen uses electronic “People Meters” in a representative sample of US households to measure TV viewing trends to understand the audience. Nielsen installs “cross-platform” people meters in half the houses to measure online traffic and computer/mobile TV viewing. The firm also requests paper-and-pencil viewing diaries.
Nielsen launched in 1936 when there were few TVs in the country and became the industry leader that may make or destroy a new show or producer. The show's survival and ad costs depend on viewership. Because the Super Bowl has the greatest TV audience, its advertising are the most costly.
In the age of Twitter and other social media, TV viewing is becoming a social experience for many individuals. While watching a show, viewers, especially those in the 18–34 age bracket, regularly criticize the actors, costumes, or screenplay in real time. Nielsen started analyzing social media to measure TV audience engagement and…
arrow_forward
Q4: Diagrammatically explain the stages of new product development. Which of these can be associated with creating the market myopia?
Q5: Which sampling techniques can be used to gain consumer insights regarding innovative products? Explain.
Q6: Draft a marketing research plan of launching a telecommunication brand.
arrow_forward
1.) Design a questionnaire for consumer preference survey regarding the problem. Please keep in mind all aspects of the product, company, data analysis, etc. while designing the questionnaire.
2.) Pursuant to collection of data through the consumer preference survey regarding the product, please explain each step in your data analysis plan. Each step of the data analysis plan must be linked to the questions you have designed for the survey in the previous question.
3.) How would you conduct the survey? What would be your mode of data collection and sampling technique? How would you define the population and sample? Justify your answer.
arrow_forward
SELLIGITU
YouTube group 00 massage instgram 0 comment fac
Mercer mettl
tests.mettl.com/test-window-api?ecc=Y%2FQ3K9mmlYDmfFQx9Z6bZ30lx2B9J1%2BKdYwsjXxKr9M%3D#/testWindow/2/0/1
0 comment inst
ction 3 of 3 Section C
Question #1
Which of the following is an aspect of relationship marketing?
ERED BY
mett
O Tyne here to search.
PERTS
Posts
B
P
OEDL 202 Marketing Management_16 Feb 2023_TSL Ⓒ
1 2
Ps
3
O
Raghad Almohareb...
Ai
4
5
6
Revisit
AHED KHALED ISWED ALMU II tests.mettl.com is sharing your screen.
7
Pr A 3
8
9
SAMIX®
10
11
Stop sharing
12
I
Hide 455
13
All
9 K
50°F Mostly cloudy
A &
C
arrow_forward
What is involved in the conditions analysis phaseof market analysis in Figure 1–1?
arrow_forward
Which test is best to test the hypothesis that multiple variances (2 or more) are equal?
Group of answer choices
1. t test
2. proportions test
3. Mood's median test
4. Levene's test
5. Analysis of Variance (ANOVA)
arrow_forward
What would be the better research method to use if trying the Hypothesis of Customers prefer a battery that lasts longer between charges to other smartphone features?
arrow_forward
What is marketing?
arrow_forward
38
arrow_forward
Prepare a questionnare about "customer satisfaction on A to Z shopping mall". Please design 15mcq and open_ended questions and demographic.
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Related Questions
- * Hame Gradebook Week 1 actice Asignmet-x O ttps//appmyeducator.com/counelactivity.t/1844/270721506109441/ Which of the following is A curent trend in consumer behavior Decreased customer need for accessing information prior to a purchase OIncreased consumer reluctance to share data with businesses they interact with O Availablity of premium options for devoted and loyal customers of a business The need to create a seamless user experience on an easy to-use company website Which of the folloving describes the form of data Kantar may present to marketers? Ut providesa qualitative and quantitative segmentation opproach that oncovers the functional, sociall and emotional drivers of consumer behvior within a given market. Ditves companies a major presence on social networking sites as this alows them to interact with their current and potensal consumers in new ways On stresses the subjective meaning of the consume's individual expertience and the idea that any behavior is subject to mutple…arrow_forwardCick on The x C blever | Portal Freckle Student Dashboard Dashboard 6 BigBlueButton Independern x udent.freckled Clever | Portal clever.com Probability -1r You can earn'S coins Eunice selected a random sample of Seattle residents and polled them about traffic solutions. Which population could Eunice draw conclusions about? A) entire Seattle population B) Seattle homeowners C) Seattle residents who own a car D) Seattle residents who take the bus A B Submit rcharrow_forwardidentify dependent and independent variables in this statement "We asked first 600 and then 1000 customers to think of a brand/product/service they loved and they disliked. We then asked them to write a divorce letter to the disliked brand and a love letter to the brand they admired, and to score these two brands on a scale from 1 to 10. In this way, we had a benchmark for the perception of the loved and the disliked brands."arrow_forward
- Creative Homework/Short Projecr As a member of anevv product team with your company, you are working to develop an electric car jack that would makechanging car tires easier. You are considering conducting a test market for this nevv product. Outline thepros and cons for test marketing this product. Whatare your recommendations?arrow_forwardWhen is used Decision table testing?arrow_forwardMHG LLC is a perfumes company. it has 8 different brands, each brand has a different quality. However, in each brand, there are a variety of scents with same quality. what type of differentiation MHG exercise? please explain? and graph if possible.arrow_forward
- Case Discussion Questions -What features matter to customers, and which do not? -What would the optimal wearable look like? -Are you worried at all about the sample—are customers who visit the retailer representative of those who might purchase online? -If you were to cluster the customers first, and then run a separate conjoint on each cluster, do you think the results would vary? Could the company create different wearables to satisfy multiple segments? -What features do you wish the company had included that might appeal to customers more?arrow_forward1. Give a specific example and scenario in Hospitality Industry that we can apply the Data Analysis Cycle. Identify the Problem Identify Available Data Sources Identify if Additional Data Sources are needed Statistical Analysis Implementation and Development Communicate Results Maintenancearrow_forwardProduct: Little Caesars (regular pepperoni pizza) Design a basic questionnaire to collect primary information about this productarrow_forward
- O Login S Schoology O Werekoze by Sociel Mula V Deshboard |Kha hayscisd. schoology.com/common assessmont-delivery/start/56003126912aclion-oaresume&subm sionld=747 O Lehman Bookmarks G Image result for fan.. G Image result for fan. S Aware Q3: Internal Ballistics INDIVIDUAL v characteristics are those that help narrow down to a specific individual/item. DELLarrow_forwardDifference between Business statistics and Business Analytics”.arrow_forwardFactors influencing consumer trust on online grocery shopping in Sri Lanka.Literature Review (No AI)Reference style harvard 25 referenceswords (2500-3000)DV = Consumer TrustIV_01 = Social InfluenceIV_02 = Trustworthiness of vendorsIV_03 = Perceived SecurityIV_04 = Quality issuesGuidelines:REVIEW OF RELATED LITERATURE AND STUDIESChapter 2 is a review of the literature. It is important because it shows what previous researchers have discovered. It is usually quite long and primarily depends upon how much research has previously been done in the area you are planning to investigate. This chapter should include the following information: Brief introduction of the chapter – what would be the contents of this chapter? What topics are to be discussed in detail? The literature review should present the following;•All variables and its relationships should have been explained with necessary references•Compare•Contrast•Comment•Conclude•References should be there for the following•Date, year,…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill EducationFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSONContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning