Instruction 11-12
the Marketing Manager of a Company Producing a New

question 48

Short Answer

Instruction 11-12
The marketing manager of a company producing a new cereal aimed for children wants to examine the effect of the colour and shape of the box's logo on the approval rating of the cereal. He combined four colours and three shapes to produce a total of 12 designs. Each logo was presented to two different groups (a total of 24 groups) and the approval rating for each was recorded and is shown below. The manager analysed these data using the ? = 0.05 level of significance for all inferences.
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Colours }$
$\begin{array} { | r | c | c | c | c| } \hline \text { Shapes } & \text { Red } & \text { Green } & \text { Blue } & \text { Yellow } \\\hline \text { Circle } & 54 & 67 & 36 & 45 \\\hline & 44 & 61 & 44 & 41 \\\hline \text { Square } & \mathbf { 3 4 } & 56 & 36 & 21 \\\hline & \mathbf { 3 6 } & 58 & 30 & \mathbf { 2 5 } \\\hline \text { Diamond } & 46 & \mathbf { 6 0 } & \mathbf { 3 4 } & \mathbf { 3 1 } \\\hline & 48 & \mathbf { 6 0 } & \mathbf { 3 8 } & \mathbf { 3 3 } \\\hline\end{array}$
-Referring to Instruction 11-12,the critical value in the test for a significant interaction is________

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Definitions:

Foreign Currencies

Different countries' monetary units, which are exchanged in the foreign exchange market.

British Pound

The currency of the United Kingdom, used in Great Britain and Northern Ireland.

Uncovered Interest Parity

An economic theory that states the difference in interest rates between two countries equals the expected change in exchange rates between those countries' currencies.

Exchange Rate

The price of one country's currency expressed in another country's currency.