Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the digital age of marketing, special care must be taken to make sure that programmatic ads appearing on websites align with a company's strategy,

image text in transcribedimage text in transcribed
image text in transcribedimage text in transcribed
In the digital age of marketing, special care must be taken to make sure that programmatic ads appearing on websites align with a company's strategy, culture and ethics. For example, in 2017, Nordstrom, Amazon and Whole Foods each faced boycotts from social media users when automated ads for these companies showed up on the Breitbart website (ChiefMarketer.com). It is important for marketing professionals to understand a company's values and culture. The following data are from an experiment designed to investigate the perception of corporate ethical values among individuals specializing in marketing (higher scores indicate higher ethical values). Marketing Managers Marketing Research Advertising 4 5 6 6 4 6 5 5 6 6 4 7 4 5 6 5 5 (a) Use a = 0.05 to test for significant differences in perception among the three groups. State the null and alternative hypotheses O HO: HMM # HMR HA Ha: HMM = HMR = HA O HO: HMM = HMR = HA Ha: HMM # HMR * HA O HO: HMM = HMR = HA Ha: Not all the population means are equal. O Ho: At least two of the population means are equal. Ha: At least two of the population means are different. O Ho: Not all the population means are equal. Ha: HMM = HMR = HA Find the value of the test statistic. Find the p-value. (Round your answer to three decimal places.) p-value = .007State your conclusion. O Do not reject Ho. There is sufficient evidence to conclude that the mean perception score is not the same for the three groups of specialists. Reject Ho. There is not sufficient evidence to conclude that the mean perception score is not the same for the three groups of specialists. O Do not reject Ho. There is not sufficient evidence to conclude that the mean perception score is not the same for the three groups of specialists. Reject Ho. There is sufficient evidence to conclude that the mean perception score is not the same for the three groups of specialists. (b) At the a = 0.05 level of significance, we can conclude that there are differences in the perceptions for marketing managers, marketing research specialists, and advertising specialists. Use the procedures in Section 13.3 to determine where the differences occur. Use a = 0.05. (Use the Bonferroni adjustment.) Find the value of LSD. (Round your comparisonwise error rate to four decimal places. Round your answer to three decimal places.) LSD = 0.870 X Find the pairwise absolute difference between sample means for each pair of treatments. * MM - XMR = 0.5 *MM - XA = 1 *MR - XA = 1.5 Where do the significant differences occur? (Select all that apply.) There is a significant difference in the perception of corporate ethical values between marketing managers and marketing research specialists. There is a significant difference in the perception of corporate ethical values between marketing managers and advertising specialists. There is a significant difference in the perception of corporate ethical values between marketing research specialists and advertising specialists. There are no significant differences. X

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

An Elementary Introduction To Mathematical Finance

Authors: Sheldon M Ross

3rd Edition

1139065106, 9781139065108

More Books

Students also viewed these Mathematics questions

Question

4. Avoid pointing or gesturing.

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago

Question

An action plan is prepared.

Answered: 1 week ago