If the response rate you would obtain by mailing all your customers (i.e., no model RR) is .035, and an RFM model you develop allows you to instead obtain a response rate of .05, then your lift is: 116.27 1,116.27 1.1627 another amount 11.627
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- Based on information from a previous study, r1 = 38 people out of a random sample of n1 = 104 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 104 adult Americans who did attend college, r2 = 48 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use ? = 0.01. (a) What is the level of significance?State the null and alternate hypotheses. H0: p1 = p2; H1: p1 > p2H0: p1 = p2; H1: p1 < p2 H0: p1 = p2; H1: p1 ≠ p2H0: p1 < p2; H1: p1 = p2 (b) What sampling distribution will you use? What assumptions are you making? The Student's t. The number of trials is sufficiently large.The standard normal. The number of trials is sufficiently large. The Student's t. We assume the population distributions are approximately normal.The standard normal. We assume the…Based on information from a previous study, r1 = 34 people out of a random sample of n1 = 105 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 105 adult Americans who did attend college, r2 = 50 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use ? = 0.01. (a) What is the level of significance?State the null and alternate hypotheses. H0: p1 = p2; H1: p1 ≠ p2H0: p1 < p2; H1: p1 = p2 H0: p1 = p2; H1: p1 < p2H0: p1 = p2; H1: p1 > p2 (b) What sampling distribution will you use? What assumptions are you making? The Student's t. The number of trials is sufficiently large.The standard normal. We assume the population distributions are approximately normal. The standard normal. The number of trials is sufficiently large.The Student's t. We assume the…Based on information from a previous study, r1 = 38 people out of a random sample of n1 = 105 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 105 adult Americans who did attend college, r2 = 49 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use α = 0.01. 1. What is the value of the sample test statistic? (Test the difference p1 − p2. Do not use rounded values. Round your final answer to two decimal places.) 2. Find (or estimate) the P-value. (Round your answer to four decimal places.)
- Based on information from a previous study, r1 = 30 people out of a random sample of n1 = 107 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 107 adult Americans who did attend college, r2 = 46 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use ? = 0.01.Based on information from a previous study, r1 = 37 people out of a random sample of n1 = 97 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 97 adult Americans who did attend college, r2 = 46 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use α = 0.01. What is the value of the sample test statistic? (Test the difference p1 − p2. Do not use rounded values. Round your final answer to two decimal places.)(c) Find (or estimate) the P-value. (Round your answer to four decimal places.)Based on information from a previous study, r1 = 37 people out of a random sample of n1 = 97 adult Americans who did not attend college believe in extraterrestrials. However, out of a random sample of n2 = 97 adult Americans who did attend college, r2 = 46 claim that they believe in extraterrestrials. Does this indicate that the proportion of people who attended college and who believe in extraterrestrials is higher than the proportion who did not attend college? Use α = 0.01. (a) What is the level of significance? What is the value of the sample test statistic? (Test the difference p1 − p2. Do not use rounded values. Round your final answer to two decimal places.)(c) Find (or estimate) the P-value. (Round your answer to four decimal places.)