Mathematics, 05.10.2019 04:20 liliana74
1) abc company, a seller of high-end consumer electronics, is developing a new cellphone that will sell for $2000. the cellphone will have a very small potential market of only 3000 customers. abc wants to estimate the sample size they will need to be within plus or minus .20 of the average customer rating (1 – 7 scale; 1 = very unlikely to purchase; 7 = very likely to purchase). abc is unsure of the amount of variability. they want a 95% level of confidence. what is the sample size necessary?
Answers: 1
![n = [\frac{2\times \sigma}{E}]^2](/tpl/images/0288/1525/e4844.png)
![n = [\frac{1.96 \times 1}{1.65}]^2](/tpl/images/0288/1525/3b8aa.png)
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1) abc company, a seller of high-end consumer electronics, is developing a new cellphone that will s...
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