A company is testing 2 lists and requires accuracy at 95% degree of confidence. Current response rates for similar lists have recently been in the region of 5% What sample size is needed for the result to be in a range of ±1% of the actual response rate
The company decides to go for the sample identified in Q1 and the test produces a response of 8%. Within what range can we be 95% confident of the actual response rate?
In a marketing experiment, the experimental group:
Your market share was 15% last year and based on a random sample of 300 consumers this year it appears to have fallen to 7%. The standard error here is
The Z value of this 7% sample result is