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Asked by Maricela MacAuley on Jul 12, 2024

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{Promotional Campaigns Narrative} Estimate with 95% confidence the mean difference and interpret.

Promotional Campaigns

Marketing efforts designed to communicate the value of a product or service to customers, with the aim of increasing awareness or sales.

Gross Sales

The total revenue generated from all sales activity before any deductions are made for returns, allowances, or discounts.

Coupons

Certificates or electronic codes that offer a discount on the purchase price of goods or services.

  • Estimate confidence intervals and interpret their implication with respect to the data.
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Saravana LingamJul 14, 2024
Final Answer :
.957 ± .57.Thus,LCL = .387,and UCL = 1.527 ($1,000). We estimate that the daily sales during the campaign increase on average between .387 and 1.527 thousand dollars.

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