please help thanks

Question

A local company interested in marketing its new brand of headphones wants to know the best way to go about seeing the effectiveness of its recent advertising campaign.



The company approached your Math III class for ideas, since you are studying statistics and probability right now. Using your knowledge from this module, your task is to create a new posting to explain to the company its options for soliciting the opinions of the general public. Make sure you identify the pros and cons of each possibility, and make your recommendation as to how the company should approach its market research.

Answer 1

The question is geared towards marketing strategy rather than statistics.

 

However, from a statistical standpoint,  finding the average competitor's

pricing is one place to start.

 

Measuring sales before and after the ad will show it's effectiveness.

 

A third option is to poll public opinion about this particular product, and

perhaps find out what features are popular among competitors' brands.

 

Not sure what else is in your module, but that should be enough

to get you started.

 

Good luck!