A market researcher at a major clothing company that has tradiftonally nelied on

Question

A market researcher at a major clothing company that has tradiftonally nelied on catalog mail order sales decides to investigate whuther he smount of several months with a historical figure for mean more y sales kronine preases. She gets ap.value of a01 Ee an n this orted whi he 1% means wat does the 1%p.vai.e mean? OA Oine purchases make up 1% of a. sales. Because the percentage of oine saies is so smal,the restrg mean i. mgnfoar B· Crine purchases make up 1% of al sale. The resutng-ean saies would not oeur assureg the hisene. m tr sales lfthe mean monthly sales due to online punhases has not changed, there-a1% chance ie , oa of even oo taen)tat ne a eat set anii.tgees.nsessan

Explanation / Answer

Solution:-

=> option C. If the mean monthly sales due to online purchases has not changed, there is a 1% chance (or 1 out of every 100 samples) that the resulting mean sales would occur assuming the historical mean for sales.

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