A Two-Factor Analysis of Variance Is Conducted to Test the Effect

question 84

Multiple Choice

A two-factor analysis of variance is conducted to test the effect that price and advertising have on sales of a particular brand of bottled water.Each week a combination of particular levels of price and advertising are used and the sales amount is recorded.The computer results are shown below. Based on the results above and a 0.05 level of significance,which of the following is correct?

• A)There is no interaction between price and advertising,so results for individual factors may be misleading
• B)There is interaction between price and advertising,so the above results for individual factors may be misleading
• C)There is no interaction between price and advertising,and both factors significantly affect sales
• D)There is interaction between price and advertising,so the above results conclusively show that both factors affect price

---

Definitions:

Equitable Remedy

Remedies granted by courts in situations where monetary compensation is insufficient to address the harm or violation, including injunctions or specific performance.

Limitation Period

The period of time within which legal action must be taken.

Warranty

A promise or guarantee, typically provided by a seller or manufacturer, regarding the condition, functionality, or quality of a product.

Hoist Mechanism

A system or device utilized for lifting or moving heavy objects mechanically.