Industrial sales professionals have long debated the effectiveness of various sales closing techniques. For example, a University

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Industrial sales professionals have long debated the effectiveness of various sales closing techniques. For example, a University of Akron study investigated the impact of five different closing techniques and a no-close condition on the level of a sales prospect's trust in the salesperson (Industrial Marketing Management, Sept. 1996). More recently, a B2B Marketing Insider blog (Oct. 7, 2010) examined five currently-used sales closing techniques. Consider the following study. Sales scenarios are presented to a sample of 230 purchasing executives. Each subject received one of the five closing techniques or a scenario in which no close was achieved. After reading the sales scenario, each executive was asked to rate his/her level of trust in the salesperson on a 7-point scale. The table reports the six treatments employed in the study and the number of subjects receiving each treatment.
Industrial sales professionals have long debated the effectiveness of various

a. Consider the following hypotheses:
H0: The salesperson's level of prospect trust is not influenced by the choice of closing method.
Ha: The salesperson's level of prospect trust is influenced by the choice of closing method. Rewrite these hypotheses in the form required for an analysis of variance.
b. Assume the ANOVA F-statistic is F = 2.21. Is there sufficient evidence to reject H0 at α = .05?
c. What assumptions must be met for the test of part a to be valid?
d. Would you classify this experiment as observational or designed? Explain.

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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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