[Solution] A bank manager has been presented with a new brochure that was designed to be more effective in attracting current customers to a personal financial
Question: A bank manager has been presented with a new brochure that was designed to be more effective in attracting current customers to a personal financial counseling session that would include an analysis of additional banks ing services that could be advantageous to both the bank and the customer. The manager’s assistant, who created the new brochure, randomly selects 400 current cusmmers, then randomly chooses 200 to receive the stan- - dard brochure that has been used in the past, with the other 200 receiving the prcmiising new brochure that he has developed. Of those receiving the standard brochure, .35 % call for more information about the counseling ses- sion, while 42% of those receiving the new brochure call for more information. Using the 0.10 level of significance, is it possible that the superior performance of the new brochure was just due to chance and that the new brochure might really be no better than the old one?
Deliverable: Word Document 