When the worlds largest retailer,Wal-Mart, decided to enter the grocery marketplace in a big way with its
Question:
When the world’s largest retailer,Wal-Mart, decided to enter the grocery marketplace in a big way with its
“Super Stores,” it changed the retail grocery landscape in a major way. The other major chains such as Albertsons have struggled to stay competitive. In addition, regional discounters such as WINCO in the western United States have made it difficult for the traditional grocery chains. Recently, a study was conducted in which a “market basket” of products was selected at random from those items offered in three stores in Boise, Idaho:Wal-Mart,Winco, and Albertsons. At issue was whether the mean prices at the three stores are equal or whether there is a difference in prices. The sample data are in the data file called Food Price Comparisons. Using an alpha level equal to 0.05, test to determine whether the three stores have equal population mean prices. If you conclude that there are differences in the mean prices, perform the appropriate posttest to determine which stores have different means.
Factor A Factor B Level 1 Level 2 Level 3 Level 1 43 25 37 49 26 45 Level 2 50 27 46 53 31 48
a. Determine if there is interaction between factor A and factor B. Use the p-value approach and a significance level of 0.05.
b. Does the average response vary among the levels of factor A? Use the test-statistic approach and a significance level of 0.05.
c. Determine if there are differences in the average response between the levels of factor B. Use the p-value approach and a significance level of 0.05.
Step by Step Answer:
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith