Question
You must answer by question (starting with one) for each scenario (starting with a). The scenarios are the same company. You must include your data
You must answer by question (starting with one) for each scenario (starting with a). The scenarios are the same company. You must include your data and output file (total of two) when uploading in D2L.
- Identify best statistical technique (choose one)
- Identify measurement scale using the table below (nominal, ordinal, interval or ratio)
- Ho and Ha(tests and assumptions)
Choose an alpha level based on the question.
- Assumptions (include tests and graphs)
If violated, how would you transform the data? You do not have to transform the data for the analysis.
- Results (describe and draw a distribution, including Ho and Ha and where results are)
- Interpretation
- Recommendations (this should include improvements to the studies, focus on the data not the marketing)
(Note: Sample sizes were limited to make it easier to interpret. It is not a data limitation. You should assume larger datasets were used.)
Scenario
It has taken 11 years, two new companies, three relocations, and four years with my current employer, but I am now head of marketing research. My meeting with the chief marketing officer makes me wonder whether I am being rewarded or punished.
The companys financials are in shambles, which explains the job opening. We are a large privately-owned company, and I was never privy to it. Our best-selling product has been reeling from foreign competition that was minuscule our five years ago.
Our newest product ideas have promise. I need to review the data and determine its potential. Bottom line: We need to do something.
- Our current customers evaluated six new product concepts. Respondents chose one product as best. Below is the data.
Product Concept | Number Chosen |
One | 2 |
Two | 7 |
Three | 1 |
Four | 11 |
Five | 9 |
Total | 30 |
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