The Marketing Department of a Company Has Designed Three Different

question 53

Essay

The marketing department of a company has designed three different packing 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 (in dollars). ​
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 α = .01.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which can be classified as current (short-term) or non-current (long-term).

Nonpayment

The failure to fulfill a financial obligation, such as not paying a bill, loan, or other types of debt when due.

Net Income

The amount of earnings left over after all expenses, including taxes and interest, have been deducted from total revenues.

Net Loss

The amount by which a company's expenses exceed its revenues during a specific accounting period, indicating a negative financial performance.