QNT 561 Please help, need summary ASAP
I have two questions that need to be answered. Please put in summary form and retrieve the data from the attachments that I have provided because this is a team assignment and we have already came up with the data. I am only answering two questions. Most of data is on the powerpoint or paper that is written.
1. Summary of the results of testing the null hypothesis, with a clear statement whether or not the null hypothesis was rejected
Below is my answer which I am not sure if it is right or how to answer:
Null hypothesis: Consumers would not be willing to pay $80.00 or more for shoes that are endorsed by a female professional athlete
Alternate hypothesis: Consumers would be willing to pay $80.00 or more for shoes that are endorsed by a female professional athlete
Null hypothesis is rejected and the Alternate hypothesis is accepted, which states Consumers would be willing to pay $80.00 or more for shoes that are endorsed by a female professional athlete
Hypothesis One
Consumers would be willing to pay $80 or more for shoes endorsed by a female professional athlete.
H0: µ ≥ 80
H1: µ < 80
Null hypothesis: RK use of a professional female athlete who is 25 years old will not appeal to its target market population
Alternate hypothesis: RK use of a professional female athlete who is 25 years old will appeal to its target market population
Null hypothesis is rejected and the Alternate hypothesis is accepted, which states RK use of a professional female athlete who is 25 years old will appeal to its target market population
Hypothesis Two
RK use of a professional female athlete who is 25 years old will appeal to its target market population.
H0: µ = 25
H1: µ≠ 25
2. An inconclusive result is acceptable for this project. Should that be the case, suggest potential future research efforts and a new research questions that might provide more definitive results.
Please answer this in summary form
Note: I have paid already for this and did not get the results I was looking for. Time is not on my side and I need ASAP so that I do not hold the team up. Thanks
11 years ago
20
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- summary.docx
- business_research_project.docx
- female_athletes_as_endorsers_12.18_powerpoint_0.pptx
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