A market research firm used a sample of individuals to rate the purchase potential of a particular product before and after the individuals saw a new television commercial about the product. The purchase potential ratings were based on a 0 to 10 scale, with higher values indicating a higher purchase potential. The null hypothesis stated that the mean rating "after" would be less than or equal to the mean rating "before." Rejection of this hypothesis would show that the commercial improved the mean purchase potential rating. Use = .05 and the following data to test the hypothesis and comment on the value of the commercial.
Purchase Rating | Purchase Rating | ||||
Individual | After | Before | Individual | After | Before |
1 | 6 | 5 | 5 | 3 | 5 |
2 | 6 | 5 | 6 | 8 | 7 |
3 | 7 | 7 | 7 | 7 | 5 |
4 | 4 | 4 | 8 | 7 | 6 |
A market research firm used a sample of individuals to rate the purchase potential of a...
A market research firm used a sample of individuals to rate the purchase potential of a particular product before and after the individuals saw a new television commercial about the product. The purchase potential ratings were based on a 0 to 10 scale, with higher values indicating a higher purchase potential. The null hypothesis stated that the mean rating "after" would be less than or equal to the mean rating "before." Rejection of this hypothesis would show that the commercial...
Periodically, Merrill Lynch customers are asked to evaluate Merrill Lynch financial consultants and services (2000 Merrill Lynch Client Satisfaction Survey). Higher ratings on the client satisfaction survey indicate better service with 7 the maximum service rating. Independent samples of service ratings for two financial consultants are summarized here. Consultant A has 10 years of experience, whereas consultant B has 1 year of experience. Use = .05 and test to see whether the consultant with more experience has the higher population mean...
A market research firm used a sample of individuals to rate the purchase potential of a particular product before and after the individuals saw a new television commercial about the product. The purchase potential ratings were based on a 0 to 10 scale, with higher values indicating a higher purchase potential. The null hypothesis stated that the mean rating "after" would be less than or equal to the mean rating "before." Rejection of this hypothesis would show that the commercial...
A market research firm used a sample of individuals to rate the purchase potential of a particular product before and after the individuals saw a new television commercial about the product. The purchase potential ratings were based on a 0 to 10 scale, with higher values indicating a higher purchase potential. The null hypothesis stated that the mean rating "after" would be less than or equal to the mean rating "before." Rejection of this hypothesis would show that the commercial...
A market research firm used a sample of individuals to rate the purchase potential of a particular product before and after the individuals saw a new television commercial about the product. The purchase potential ratings were based on a 0 to 10 scale, with higher values indicating a higher purchase potential. The null hypothesis stated that the mean rating "after would be less than or equal to the mean rating "before." Rejection of this hypothesis would show that the commercial...
Bank of America's Consumer Spending Survey collected data on annual credit card charges in seven different categories of expenditures: transportation, groceries, dining out, household expenses, home furnishings, apparel, and entertainment (U.S. Airways Attache, December 2003). Using data from a sample of 42 credit card accounts, assume that each account was used to identify the annual credit card charges for groceries (population 1) and the annual credit card charges for dining out (population 2). Using the difference data, the sample mean...
1) The U.S. Department of Transportation provides the number of miles that residents of the 75 largest metropolitan areas travel per day in a car. Suppose that for a simple random sample of 50 Buffalo residents the mean is 22.2 miles a day and the standard deviation is 8.8 miles a day, and for an independent simple random sample of 40 Boston residents the mean is 18.8 miles a day and the standard deviation is 7.1 miles a day. Round...
The following data are from an experiment designed to investigate the perception of corporate ethical values among individuals who are in marketing. Three groups are considered: management, research and advertising (higher scores indicate higher ethical values). Marketing Managers Marketing Research Advertising 6 10 6 5 10 7 4 9 6 5 9 5 6 10 6 4 9 6 Compute the values identified below (to 1 decimal, if necessary). Sum of Squares, Treatment Sum of Squares, Error Mean Squares, Treatment...
The following data are from a completely randomized design. Treatment Treatment Treatment A B C 32 47 34 30 46 37 30 47 36 26 49 37 32 51 41 Sample mean 30 48 37 Sample variance 6 4 6.5 At the = .05 level of significance, can we reject the null hypothesis that the means of the three treatments are equal? Compute the values below (to 1 decimal, if necessary). Sum of Squares, Treatment Sum of Squares, Error Mean...
The average annaal cest (ecluding tution, room, board, books and fees) to atend a public college takes nearly a third of the arnual inceme ef a typical family with college-age children (Money, Aori 2012). At private colleges, the average annual cost equal to about 60% of the 12. typeal family's ncome. The fallowing random samoes show ee rmai t of attencing poate and pubie colege, Ota 13. ar inthousands of dollars. Click on the webfhile logo to reference the data...