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In the book Business Research Methods (5th ed.), Donald R. Cooper and C. William Emory discuss a market researcher for an automaker who is studying consumer preferences for styling features of larger sedans. Buyers, who were classi?ed as “?rst-time” buyers or “repeat” buyers, were asked to express their preference for one of two types of styling—European styling or Japanese styling. Of 40 ?rst-time buyers, 8 preferred European styling and 32 preferred Japanese styling. Of 60 repeat buyers, 40 preferred European styling, and 20 preferred Japanese styling.
1) Create a cross-tabulation for the data
2) Test the hypothesis that buyer status (repeat versus first-time) and styling preference are independent at the 0.05 level of significance. What is your conclusion? Show the procedure.
"Effective strategic risk management is built around a clear understanding of how much risk your business is prepared to take to deliver its objectives, and a timely and reliable evaluation of how much risk it is actually taking."
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consider the following data.inventory itemaverage demand annualsigma std. dev. of demand during lead timeitem unit
Howie Jones owns and operates Blue Ridge Hot Tubs, a company that sells two models of hot tubs: the Aqua-Spa and the Hydro-Lux. Howie purchases prefabricated fiberglass hot tub shells and installs common water pumps and the appropriate amount of tubi..
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