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The management decision problem indicates what decision maker need to do.
There is some confinement in the online business regarding taking the business. In the case we
can see the serious issues happens those are,
Ashley Sims develop should develop a software to build up a product to have an upper hand in
the market by understanding the clients inclinations as they explore through the grocery stores.
There are some other issues also need to be mentioned those are
Ashley Sims needs to realize that should she create software to understand the customer
inclination as they explore through the grocery stores. The marketing researcher should
contemplate the adequacy of software to have upper hand promoting analyst that can clarify
this product establishment will give Ashley Sims an advantage in the market, so the marketing
researcher can explain this software installation it will be provide the outcome as advantage or
it will not.
Answer to the problem 2
The given information is calculated below,
nN
nc =
N + n−1
100 ×312
=
312+ 100−1
= 75.912 or 76
a. Number of the car rentals per year for business trip uses,
Now the sample size will be given by,
Given,
z2 α 2 D (accepted error) ±2
n=
D2
CL (confidence interval) 95%, so z95% = 1.96
2
(1.96)2 10 α 10
=
22
= 96.04 or 97 (answer)
Given,
z2 α 2
n= D (acceptable error) ±2
D2
CL(confidence level) 95%, so z95% = 1.96
2 2
(1.96) 20
= 22 α 20
(2.575)2 5002
= 50 2
= 663.0626 or 664 (answer)
Given,
If the marketing research didn’t consider any of them then findings will be not accurate and
taken marketing decision will not work effectively.
Answer to the problem 5
Determining the appropriate statistical analysis to be conducted is basically sort out the scale
used and the research objectives.
Based on the scales and the research objects the variables or the factor and categories or the
treatments in the factor will be completely different. The type of information provided by scale
those are basically numbers. Each of the four scales (i.e., nominal, ordinal, interval, and ratio)
provides a different type of information. If a marketing research conducted a research by 7
point or 9 point likert scale between the two variables one will be matric another will be non-
matric then z and t test will be conducted. Appropriate statistical analysis can successfully
dignify participant’s behaviors pretty much accurately.