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Suppose That The National Average Response Invent Youself/tutorialoutletdotcom

FOR MORE CLASSES VISIT www.tutorialoutlet.com Suppose that the national average response rate for rebates is 10% (i.e., 10% of people offered rebates actually send in the information). Your company recently ran rebates in 15 test markets and had an average response rate of 12%. Is your response rate different than the market average? a) what are the appropriate hypotheses? b) what is the critical value for alpha = 10%? c) what is the value of the test statistic?

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