Warthog Industries has recently developed an anti-acne product called Zit Hit. Warthog intends to market this obviously fine product by email order only. Warthog is considering purchasing the email list of the 30,000 members of Justin Bieber’s fan club. The company provided 400 emails from the list for Zit Hit to try out. An email advertisement was sent to these 400 individuals and the company received orders for 2,000 tubes of Zit Hit for an average of 5 per email with a sample standard deviation of 2 tubes. a. What is your forecast for the total demand for Zit Hit which will result from emailing the advertisement to all 30,000 fan club members? b. Construct an 95% confidence interval around your forecast

Warthog Industries has recently developed an anti-acne product called Zit Hit. Warthog intends to market this obviously fine product by email order only. Warthog is considering purchasing the email list of the 30,000 members of Justin Bieber’s fan club. The company provided 400 emails from the list for Zit Hit to try out. An email advertisement was sent to these 400 individuals and the company received orders for 2,000 tubes of Zit Hit for an average of 5 per email with a sample standard deviation of 2 tubes. a. What is your forecast for the total demand for Zit Hit which will result from emailing the advertisement to all 30,000 fan club members? b. Construct an 95% confidence interval around your forecast

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter11: Product Concepts, Branding, And Packaging

Section11.1: Gaga: Not Just A Lady

Problem 1VC

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