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ANOVA Scenario Assignment
Scenario Script
Caption: Mieke has been working to tackle a difficult problem and she needs your help. She wants to know the most effective location for displaying Princess' new granola bar in retail grocery stores. Mieke: Where we put our products in our grocery stores has a pretty significant impact on sales. Does the granola bar sells better in the aisles, or in promotional displays at the end of shelves or is most popular when it's stocked in the checkout lanes as an impulse item?
Caption: The Marketing Department conducted an experiment where they stocked the granola bar in three different locations in five different grocery stores in a representative market. They have collected data on how many of these granola bars sold at each store, based on where they were located in the store.
Assignment:
Conduct an ANOVA test at a significance of 5%. Interpret the results and explain where the granola bar should be shelved and why. With this information, complete the following:
1. Conduct an ANOVA test at a significance of 5%.
2. Interpret the results and explain which location you would recommend and why.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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