a marketing team think their new ads are better than the prior ones. They used to be able to sell to 50% of those who saw their ads. To test their thought, they run a hypothesis test. if they take a random sample of 100 potential buyers and find that they convinced 60 of these people to buy their product, what is their test statistic? Is their new ad campaign better? The test will be run at a 1% significance level

# a marketing team think their new ads are better than the prior ones. They used to be able to sell to 50% of those who saw their ads. To test their thought, they run a hypothesis test. if they take a random sample of 100 potential buyers and find that they convinced 60 of these people to buy their product, what is their test statistic? Is their new ad campaign better? The test will be run at a 1% significance level

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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a marketing team think their new ads are better than the prior ones. They used to be able to sell to 50% of those who saw their ads. To test their thought, they run a hypothesis test. if they take a random sample of 100 potential buyers and find that they convinced 60 of these people to buy their product, what is their test statistic? Is their new ad campaign better?

The test will be run at a **1%** significance level.

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