A manufacturer conducted a pricing experiment to explore the effects of price decreases on sales of one
Question:
a. Using the accompanying SAS computer output, conduct a two-way ANOVA with Chain and Price as factors. (Provide the Fstatistic values and P-values in the accompanying ANOVA table as part of your analysis.)
b. Do the effects of a price decrease on sales volume significantly differ between the different chains? If not, does it appear that a price decrease will significantly increase sales volume? How do the sales volumes compare at the two chains? Report your conclusions using the α = .05 level. Also, do the conclusions differ for the different approaches taken in parts (a) and (b)?
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Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
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