A Survey of Online Consumers Asked Respondents to Indicate How

question 11

Essay

A survey of online consumers asked respondents to indicate how much money they spent for online purchases during the most recent Christmas holiday season. These data were analyzed to see if gender and income level (1 = Low, 2 = Middle, 3 = High) influence the amount consumers spend online for holiday shopping. The two way ANOVA results appear below. a. Is this an experiment or observational study?
b. Are the conditions for two-way ANOVA met?
c. If so, perform the hypothesis tests and state your conclusions in terms of amount spent online, gender and income level.
d. Is it appropriate to interpret the main effects in this case? Explain.

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Definitions:

Government Caps

Maximum limits set by the government on prices, wages, or other economic variables to control the economy.

Total Cost

The total of all expenses involved in creating goods or services, encompassing both constant and changing costs.

Carbon Taxes

Economic policies designed to reduce carbon emissions by taxing companies or individuals based on their greenhouse gas emissions.

Social Cost

The total cost to society, including both the private costs incurred by firms and also any additional costs to others.