Question
Hypothesis Testing & Inferential Statistics Design a market research experiment by developing hypothesis statements and indicating how you would test your hypothesis. Ideas: You could
Hypothesis Testing & Inferential Statistics
Design a market research experiment by developing hypothesis statements and indicating how you would test your hypothesis.
Ideas:
You could test differences in purchase intent between product concepts.
You could test differences in importance of a product's features between demographics, such as age or gender.
Keep it simple. Choose something you could actually testand is measurable by a survey. Since this is a market research class, avoid social research or medical research).
1) State yournull hypothesisin the proper format.
2)State your alternative hypothesisin the proper format.
3) Craft a survey question that will gather yourindependent variable(s).
4) Craft a survey question that gather yourdependent variable.
5) What test statistic would you useto determine statistical significance? Provide rationale for your choice.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started