Examlex

Solved

Determine If the Outcome Is Unusual μ2σ\mu - 2 \sigma Or Greater Than

question 139

Multiple Choice

Determine if the outcome is unusual. Consider as unusual any result that differs from the mean by more than 2 standard
deviations. That is, unusual values are either less than μ2σ\mu - 2 \sigma or greater than μ+2σ\mu + 2 \sigma
-A survey for brand recognition is done and it is determined that 68% of consumers have heard of Dull Computer Company. A survey of 800 randomly selected consumers is to be conducted. For such groups of 800,
Would it be unusual to get 634 consumers who recognize the Dull Computer Company name?


Definitions:

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

Action Statement

A clear, concise declaration outlining specific actions to be undertaken to achieve a certain objective.

Analyzer Organizations

Organizations that maintain their current products and markets while simultaneously exploring new opportunities, blending stability with innovation.

Related Questions