Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

M7: Non-Parametric Techniques Scenario Assignment Caption: Princess Foods Corporation has observed the changing awareness of the population on health and nutrition. Therefore, they want to

M7: Non-Parametric Techniques Scenario Assignment Caption: Princess Foods Corporation has observed the changing awareness of the population on health and nutrition. Therefore, they want to investigate the acceptance of a low-calorie product and a low-sodium product by market segment.(gender) Are people more concerned about low-calorie soups or low-sodium soups and how does that break down by market segment (age)? Mieke: Here's what we did: Two hundred customers were selected at random for two different interviews. We were hoping that the information that we gleaned from these interviews would indicate the relative interest in low-calorie and/or low-sodium soup and how that interest was broken down by market segment. That's going to give us insight into what the market wants and insight into who this customer is. Assignment The question that was asked, "Which of the following three products are you most interested in?" Then the results were tallied, indicating how many males and how many females preferred each of the three options. A study for each collected the following data. Test for independence at a significance of 5%. 1) What are your conclusions and how would you recommend the results be used by the marketing department? Categories Male Female Low calorie 12 46 Regular broth 22 32 Creamed soups 66 22 2) A second question that was asked, "Which of the following three products are you most interested in?" Then the results were tallied, indicating by age category preference for each of the three options. A study for each collected the following data. Test for independence at a significance of 5%. Categories 50 years or younger Over 50 Low sodium 31 40 Regular broth 33 38 Creamed soups 36 22 Answer the following questions using this data: Test for independence at a significance of 5%. What are your conclusions? How would you recommend Mieke and the marketing team use the results? Due Dates 11:59pm ET, Sunday. Grading Criteria and Guidelines Grading criteria and detailed instructions for submission of assignments are available on the course website. Please use the memo template provided in the Assignments area.

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_2

Step: 3

blur-text-image_3

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

Introduction to Probability

Authors: Mark Daniel Ward, Ellen Gundlach

1st edition

716771098, 978-1319060893, 1319060897, 978-0716771098

More Books

Students also viewed these Mathematics questions