Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello Step by step solution needed A manufacturer of tortilla chips has recently developed a new product, a blue corn tortilla chip. The manufacturer has

Hello Step by step solution needed

A manufacturer of tortilla chips has recently developed a new product, a blue corn tortilla chip. The manufacturer has arranged with a regional supermarket chain to display the chips at the end of the aisle at four different locations in stores that have had similar weekly sales in snack foods. The dollar volumes of sales for the last six weeks in the four stores are as follows:

Week 1 1 2 3 4

1 $1,430 $980 $1,780 $2,300

2 $2,200 $1,400 $2,890 $2,680

3 $1,140 $1,200 $1,500 $2,000

4 $880 $1,300 $1,470 $1,900

5 $1,670 $1,300 $2,400 $2,540

6 $990 $550 $1,600 $1,900

a.If the assumptions of a one-way ANOVA design are satisfied in this case, what should the manufacturer conclude about the average sales at the four stores? Use a significance level of 0.05.

b.Discuss whether you think the assumptions of a one-way ANOVA are satisfied in this case and indicate why or why not. If they are not, what design is appropriate? Discuss.

c.Perform a randomized block analysis of variance test using a significance level of 0.05 to determine whether the mean sales for the four stores are different

d.Comment on any differences between the means in parts b and c.

e.Suppose blocking was necessary and the researcher chooses not to use blocks. Discuss what impact this could have on the results of the analysis of variance.

f.Use Fisher's least significant difference procedure to determine which, if any, stores have different true average weekly sales.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law

Authors: Jeffrey F Beatty, Susan S Samuelson

3rd Edition

0324537123, 9780324537123

More Books

Students also viewed these Economics questions