For a random set of 10 airings of commercials by the old


Question: The cosmetics giant Avon Products recently hired a new advertising firm to promote its products. Suppose that following the airing of a random set of 8 commercials made by the new firm, company sales rose an average of 3% and the standard deviation was 2%. For a random set of 10 airings of commercials by the old advertising firm, average sales rise was 2.3% and the standard deviation was 2.1%. Is there evidence that the new advertising firm hired by Avon is more effective than the old one? Explain.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: For a random set of 10 airings of commercials by the old
Reference No:- TGS02491339

Now Priced at $15 (50% Discount)

Recommended (97%)

Rated (4.9/5)