When you get a surprisingly low price on a product do you assume that you got a
Question:
When you get a surprisingly low price on a product do you assume that you got a really good deal or that you bought a low-quality product? Research indicates that you are more likely to associate low price and low quality if someone else makes the purchase rather than yourself (Yan & Sengupta, 2011). In a similar study, n 5 16 participants were asked to rate the quality of low-priced items under two scenarios: purchased by a friend or purchased yourself. The results produced a mean difference of MD 5 2.6 and SS 5 135, with selfpurchases rated higher.
a. Is the judged quality of objects significantly different for self-purchases than for purchases made by others? Use a two-tailed test with a 5 .05.
b. Compute Cohen’s d to measure the size of the treatment effect.
Step by Step Answer:
Essentials Of Statistics For The Behavioral Sciences
ISBN: 9781337098120
9th Edition
Authors: Frederick J Gravetter, Larry B. Wallnau, Lori Ann B. Forzano