The Marketing Department of a Company Has Designed Three Different $\alpha$

question 115

Essay

The marketing department of a company has designed three different boxes for its product. It wants to determine which box will produce the largest amount of sales. Each box will be test marketed in five different stores for a period of a month. Below you are given the information on sales.
a.State the null and alternative hypotheses.
b.Construct an ANOVA table.
c.What conclusion do you draw?
d.Use Fisher's LSD procedure and determine which mean (if any) is different from the others. Let $\alpha$ = 0.01.

---

Definitions:

Income

The money received by an individual or household, typically on a regular basis, through work, investments, or other sources.

Utility Function

A mathematical representation of how different combinations of goods or levels of consumption affect an individual's level of satisfaction or happiness.

Consumption of Nuts

The act of eating nuts, which are high in protein and healthy fats, as part of a diet.

Consumption of Berries

The act of using or eating berries, which can be analyzed in economics to study preferences or nutritional impacts.