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Chapter 1: Q. 49 (page 53)

A marketing company is interested in the proportion of people who will buy a particular product.

Short Answer

Expert verified

a. The population is made up of people from a certain region.

b. Agroupofpersonsorpurchasersisreferredtoasasample.

c. The percentage of individuals that desire to buy the item.

d. The percentage of people that desire to buy the product in the sample.

e. The variable is X, which represents the number of individuals who will purchase it.

f. Variables like as purchase and not buy provide data.

Step by step solution

01

Introduction

Marketingistheprocessthroughwhichacorporationpromotesthepurchaseorsaleofaproductorservice.
Advertising, selling, and delivering things to customers or other businesses are all examples of marketing.
Affiliates perform some marketing on behalf of a firm.
02

Explanation of a

According to the information supplied, the population will consist of purchasers from a certain location,

03

Explanation of b

According on the information supplied, a sample of this data will be drawn from a random group of purchasers.

04

Explanation of c

The proportion of product purchasers will be the data's parameter, based on the information provided.

05

Explanation of d

The proportion of the sample of product customers will be the statistic of this data, based on the information supplied.

06

Explanation of e

The quantity of product purchasers will be the variable of this data, based on the information supplied.

07

Explanation of f

The data will be the variable's replies in terms of purchase or not buy, according to the details supplied.

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