A study by the Annenberg Public Policy Center investigated one major area of business decisions: pricing practices.6
Question:
A study by the Annenberg Public Policy Center investigated one major area of business decisions: pricing practices.6 Specifically, the study addressed consumer knowledge and attitudes about the practice of online retailers adjusting their prices according to customer characteristics, such as how frequently they buy from the retailer. For example, a website selling cameras charged different prices for the same model depending on whether the visitor to the site had previously visited sites that supply price comparisons. In general, charging different prices is called price discrimination and is legal unless it discriminates by race or sex or involves antitrust or price-fixing laws (such as two competitors agreeing to charge certain prices).
The Annenberg study consisted of telephone interviews conducted with a sample of 1,500 adults, screened to find persons who had used the Internet in the preceding 30 days. The questionnaire gathered demographic data and data about Internet usage. In addition, the interviewer read 17 statements about basic laws and practices related to price discrimination and the targeting of consumers according to their shopping behaviors. Respondents were asked whether each of these statements was true or false.
Prepare two tables or charts that would be suitable to accompany an oral presentation of these results. Are they different from the visual aids you prepared for question 2? Why or why not?
Essentials of Statistics for Business and Economics
ISBN: 978-1305081598
7th edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam