Computer Services, Inc. wants to determine a confidence interval for the average CPU time of their teleprocessing transactions. A sample of 64 transactions yielded a mean of 6 seconds with a standard deviation of .8 seconds. Determine a 98% confidence interval for the average CPU time of all the teleprocessing transactions.
What will be an ideal response?
5.761 to 6.239 seconds (rounded)
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Ryan's friends consider him an expert on electronic products. Ryan purchased quick read, one of the first electronic books launched by EasyTech Inc years before any of his friends did. Ryan paid four times more for this product than they did
He wanted the benefits of an electronic book and was not concerned that his friends thought he was foolish to buy electronic reader when they first came out on the market. For EasyTech Inc, John is most likely to be classified as a(n) ________ customer. A) captive B) lead C) mainstream D) laggard E) early majority
A rigid, departmentalized structure organized along functional groups is not likely to be successful for new-product introductions
Indicate whether the statement is true or false
Audits of publicly traded companies must be performed by multinational accounting firms
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT true about demographics?
A) Demographics are quantifiable characteristics about consumers. B) Demographic data are particularly easy to obtain and useful for statistical analysis. C) Marketers can often categorize consumers along a number of factors. D) Businesses can be classified demographically. E) Demographic information focuses on consumers' values, attitudes and lifestyles.