Reject the null hypothesis and conclude that there

Assignment Help Business Economics
Reference no: EM132151573

A randomized block analysis was performed to examine whether the color of an energy drink (e.g., red, green, blue, purple) has an effect on the sales of the energy drink. Because the type of store (e.g., convenience, grocery, and discount) where the drink is sold could have an effect on sales the analyst decided to control for store differences by blocking on stores. Three blocks were used in the analysis. The results of the hypothesis tests for whether blocking is effective or not resulted in an F calculated of 1.76 which had a p-value of 0.206. If the analyst wants to control for the probability of a Type 1 Error to be no more than 0.05 (α=0.05), then the analyst would

a. Reject the null hypothesis and conclude that there is a store effect (blocking was effective)

b. Not reject the null hypothesis and conclude that there is no store effect (blocking was not effective)

c. Reject the null hypothesis and conclude that there is no effect due to stores (blocking was not necessary)

d. Not reject the null hypothesis and conclude that there is a store effect (blocking was necessary)

Reference no: EM132151573

Questions Cloud

Find the percentage of students who scored less : Assuming scores follow a bell-shaped distribution, use the empirical rule to find the percentage of students who scored less than 400.
What is the minimum number of bit of a selected adc : If the temperature resolution 0.01 degree is required, what is the minimum number of bit of a selected ADC?
Confidence interval for problem : The upper and lower tail critical values of the ?2 distribution that are used to construct the 90% confidence interval for this problem would be:
How can a customer protect against that single point of fail : How can a customer protect against that single point of failure? Provide an analysis on whether this presents a good cost-benefit trade-off.
Reject the null hypothesis and conclude that there : If the analyst wants to control for the probability of a Type 1 Error to be no more than 0.05 (a=0.05), then the analyst would
The difference between the use of intranets vs extranets : Tell us about the coverage differences among PAN, LAN, WAN, and MAN networks.
What is business process reengineering : As technology and information systems become more sophisticated, organizations sought to reengineer their Business processes to become more efficient.
What is wrong with the probability assignments : He assigns the probabilities P(A)= 0.6, P(B)= 0.7, P(A | B) = 0.1 and asks for the probability P(A or B). What is wrong with the probability assignments?
The tcp receiver opens the connection with an isn : The TCP sender opens a connection using the initial sequence number (ISN) of 14137. The TCP receiver opens the connection with an ISN of 18332.

Reviews

Write a Review

Business Economics Questions & Answers

  Showing an example of how the approach works

how it can be used in a research. please help understand it very well by either explaining or showing an example of how the approach works

  Prepare an analysis of the negotiation strategies applied

Prepare an analysis of the negotiation strategies applied by both Judy and Ed. Prepare a detailed account of what was done correctly and what could have been improved upon.

  Benefit of the interest tax shield next year

How much debt can COW CORP issue this year and still receive the benefit of the interest tax shield next year?

  Explain the short run and long effects on output

For each of the following events, explain the short run and long effects on output and the price level, assuming polycimakers take no action.

  Required to meet in order to ensure product safety

Many legal standards exist that businesses are required to meet in order to ensure product safety. These standards tend to be well defined, and adherence is a generally accepted risk mitigation strategy. Less quantitative risks exist, often in the ar..

  What is the pure expectations theory

Your firm manages money for a professional tennis player Maria Juarez. She has asked you to give her information about what determines the level of various interest rate. What is the pure expectations theory? What does the pure expectation theory imp..

  Explain how each barrier can foster either monopoly

Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?

  Explain the concept of mark-to-funding accounting rule

Explain the concept of mark-to-funding accounting rule, proposed by Brunnermeier Et.al.(2009) ? How can this rule help reduce the problem caused by the mark-to-market rule ?

  About concept of specialization and comparative advantage

In the first chapter, we learned about the concept of specialization and comparative advantage.  By learning these concepts, we tend to agree that specialization along lines of comparative advantage and then trade is beneficial. In your opinion, does..

  Bill works for large food service company

Bill works for a large food service company. In one hour he can make 10 sandwiches or he can make 37 salads. Bill works 7 hours per day. If Bill needs to make 37 sandwiches then how many salads can he make?

  National defence is an example-influenza vaccination

Eating fresh fruits and vegetables is an example. National defence is an example.  Influenza vaccination is an example of a....

  Consider a small barter economy with only two individuals

Consider a small barter economy with only two individuals, John and Mark. John's preferences for the two available goods (x) and (z) are given by: Draw the Edgeworth box for this economy including example indifference curves for each individual and t..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd