"Null hypothesis (H0): the coin is fair (unbiased), meaning the probability of flipping a head is 0.5
Alternative (H1): the coin is unfair (biased), meaning the probability of flipping a head is not 0.5
To test this hypothesis, I would calculate a p-value which is the probability of observing a result as extreme as, or more extreme than, what I say in my sample, assuming the null hypothesis is true.
I could use the probability mass function of a binomial random variable to model the coin toss b"
Lucas G. - "Null hypothesis (H0): the coin is fair (unbiased), meaning the probability of flipping a head is 0.5
Alternative (H1): the coin is unfair (biased), meaning the probability of flipping a head is not 0.5
To test this hypothesis, I would calculate a p-value which is the probability of observing a result as extreme as, or more extreme than, what I say in my sample, assuming the null hypothesis is true.
I could use the probability mass function of a binomial random variable to model the coin toss b"See full answer
"In developing a marketing strategy, I begin with comprehensive market research to identify consumer trends, competition, and potential gaps. This includes using tools like Google Analytics to gather insights on customer preferences and behaviors. I then define clear goals for the campaign, such as brand awareness, lead generation, or customer acquisition, and set KPIs to measure success. For instance, during my time at Bahwan International with the Nissan brand, I analyzed customer segments and"
Basant P. - "In developing a marketing strategy, I begin with comprehensive market research to identify consumer trends, competition, and potential gaps. This includes using tools like Google Analytics to gather insights on customer preferences and behaviors. I then define clear goals for the campaign, such as brand awareness, lead generation, or customer acquisition, and set KPIs to measure success. For instance, during my time at Bahwan International with the Nissan brand, I analyzed customer segments and"See full answer
"Number of employees after the first year = n*(1+r) = n1
Number of employees after the second year = n1(1+r) = n(1+r)**2
Hence, the number of employees after 't' years = n(1+r)*t"
Asish B. - "Number of employees after the first year = n*(1+r) = n1
Number of employees after the second year = n1(1+r) = n(1+r)**2
Hence, the number of employees after 't' years = n(1+r)*t"See full answer
"CQs:
Swiggy? → instamart or food delivery → consider both
Why do we want to increase AOV right now? Is it not at the desired level or exploration? → let’s say exploration
Swiggy is a public company → goal is profit
Biggest bite in profit is delivery cost hence delivery cost/unit revenue should be minimised
Delivery cost = (fixed base cost + distance * x) * probability of spoil cases
Can be done by
Lowering delivery cost → seems challenging
"
Sumit P. - "CQs:
Swiggy? → instamart or food delivery → consider both
Why do we want to increase AOV right now? Is it not at the desired level or exploration? → let’s say exploration
Swiggy is a public company → goal is profit
Biggest bite in profit is delivery cost hence delivery cost/unit revenue should be minimised
Delivery cost = (fixed base cost + distance * x) * probability of spoil cases
Can be done by
Lowering delivery cost → seems challenging
"See full answer