# Statistical Technique

Not what you're looking for?

A group of executives at a local company is considering introducing a new product into a market area. It is important to know the age characteristics of the people in the market area.

a. If the executives with to calculate a number that would characterize the "center" of the age data, what statistical technique would you suggest? Explain.

b. The executives need to know the percentage of people in the market area that are senior citizens. Name the basic category of statistical inference tools they would use to provide this information.

c. Describe a hypothesis upon which the executives might wish to conduct a test concerning the percentage of senior citizens in the market area.

##### Purchase this Solution

##### Solution Summary

A group of executives at a local company is considering introducing a new product into a market area. It is important to know the age characteristics of the people in the market area.

a. If the executives with to calculate a number that would characterize the "center" of the age data, what statistical technique would you suggest? Explain.

b. The executives need to know the percentage of people in the market area that are senior citizens. Name the basic category of statistical inference tools they would use to provide this information.

c. Describe a hypothesis upon which the executives might wish to conduct a test concerning the percentage of senior citizens in the market area.

##### Purchase this Solution

##### Free BrainMass Quizzes

##### Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

##### Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

##### Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

##### Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.