Instruction 11-10
the Marketing Manager of a Company Producing a New

question 40

True/False

Instruction 11-10
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 α = 0.05 level of significance for all inferences.
$$\begin{array}{l}\text { COLOURS }\\\begin{array} { | r | | c | c | c | c | } \hline \text { SHAPES } & \text { Red } & \text { Green } & \text { Blue } & \text { Yellow } \\\hline \hline \text { Circle } & 54 & 67 & 36 & 45 \\\hline & 44 & 61 & 44 & 41 \\\hline \text { Square } & 34 & 56 & 36 & 21 \\\hline & 36 & 58 & 30 & 25 \\\hline \text { Diamond } & 46 & 60 & 34 & 31 \\\hline & 48 & 60 & 38 & 33 \\\hline\end{array}\end{array}$$ $$\begin{array}{l}\text { Analysis of Variance }\\\begin{array} { l r r r r c } \hline \text { Source } & d f & { \text { SS } } & { \text { MS } } & { F } & p \\\hline \text { Colours } & 3 & 2711.17 & 903.72 & 72.30 & 0.000 \\\text { Shapes } & 2 & 579.00 & 289.50 & 23.16 & 0.000 \\\text { Interaction } & 6 & 150.33 & 25.06 & 2.00 & 0.144 \\\text { Error } & 12 & 150.00 & 12.50 & & \\\text { Total } & 23 & 3590.50 & & & \\\hline\end{array}\end{array}$$
-Referring to Instruction 11-10,based on the results of the hypothesis test,it appears that there is a significant effect associated with the shape of the logo.

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Definitions:

Recorded

The action of entering financial transactions into the accounting records of a business.

Recorded

The process of documenting financial transactions in the books of accounts as evidence of the transactions.

Relate

To establish a connection or relationship between two or more things.

Balance Sheet Accounts

Balance sheet accounts are the accounts that reflect the assets, liabilities, and shareholders' equity of a company, as recorded on the balance sheet.