Experiment consists of asking a sample of consumers

Assignment Help Marketing Management
Reference no: EM131020900

A colleague has approached you for help with an experiment she is conducting. The experiment consists of asking a sample of consumers to taste five different recipes for meat loaf. When a consumer tastes a sample, he or she will give scores to several characteristics and these scores will be combined into a single overall score. Hence, there will be one value for each recipe for a consumer. The literature indicates that in this kind of study some consumers tend to give low scores to all samples; others tend to give high scores to all samples.

a. There are two possible experimental designs. Design A would use a random sample of 100 consumers. From this group, 20 would be randomly assigned to each of the five recipes, so that each consumer tastes only one recipe. Design B would use a random sample of 100 consumers, with each consumer tasting all five recipes, the recipes being presented in a random order for each consumer. Which design would you recommend? Justify your answer.

b. When asked how the experiment is going, the researcher replies that one recipe smelled so bad that she eliminated it from the analysis. Is this a problem for the analysis if design Bwas used? Why or why not? Is it a problem if design Awas used? Why or why not?

Reference no: EM131020900

Questions Cloud

What is the market interest rate that applies to all bonds : You are a bond trader and observe the following three US government bonds trading in the market: (Face value = $1000.) What is the market interest rate that applies to all bonds? What is the YTM on the three bonds?
Learn more about government issued t-bills and munis : Learn more about government issued T-bills and munis. Would you invest in government issued T-bills? Why or why not? Are there specific munis you would or would not invest in? What factors affect your choices? Write your analysis of the current statu..
Is the total number of jobs in the country likely to decline : The following appeared in a magazine article that argued against free trade: "The U.S. is currently in a precarious position. In addition to geopolitical threats, we face a severe economic shock. We have already lost trillions of dollars and milli..
Increase contribution-what is value of retirement plan : Assume that you contribute $270 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $540 per month for another 25 years. Given a 6 percent interest rate, what is the value of your retirement plan after the 4..
Experiment consists of asking a sample of consumers : A colleague has approached you for help with an experiment she is conducting. The experiment consists of asking a sample of consumers to taste five different recipes for meat loaf. When a consumer tastes a sample, he or she will give scores to sev..
At what price should the annual payment bond sell : McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 5.25% coupon paid semi annually (2.625% each 6 months), and those bonds sell at their par value. McCurdy's Class P bonds have the same risk, maturity, and par value, but the..
Pledges to increase its dividend : Use BAII Plus Calculator and show calculator entry for the following: Mickelson Corporation will pay a $2.65 per share dividend next year. The Company pledges to increase its dividend by 4.75 percent per year indefinitely. If you require a return of ..
Factorial structure of treatments : In each of the following situations, identify whether the design is a completely randomized design, randomized block design, or Latin square. If there is a factorial structure of treatments, specify whether it has a two-factor or three-factor stru..
Dividends are anticipated to maintain a growth rate : Use BAII Plus Calculator and show calculator entry for the following: The next dividend payment by ZYX, Inc. will be $1.99 per share. The dividends are anticipated to maintain a growth rate of 4.5 percent forever. If ZYX stock currently sells for $31..

Reviews

Write a Review

Marketing Management Questions & Answers

  Why is it so important for marketing managers

1.Why is it so important for marketing managers, when engaged in marketing planning, to successfully deal with both Marketing (Big M) and marketing (little m) elements?

  Explain ecommerce business proposal

Explain ECommerce business proposal and Production and sale of digitally fabricated goods and related services and materials and assets for production

  Management practices of planning, leading, organizing

Explain how the management practices of planning, leading, organizing, staffing, and controlling are implemented in your workplace. If you are not currently working, you may use a previous employer.

  What advice would you give to the dean

What advice would you give to the dean based upon your analysis of the data, During the global recession of 2008 and 2009, there were many accusations of unethical behavior by Wall Street executives, financial managers, and other corporate officers

  Calculate what is the retailer markup in dollars

The usual retail price of an item is $100. The manufacturer's cost to produce the item is $40. Retailers take a 50 percent markup and wholesalers take a 10 percent markup, What is the retailer's markup in dollars

  Categorize the nanos marketing segments

From the case study, categorize the Nano's marketing segments that have the greatest influence on its sales. Assume you are the marketing manager at Tata responsible for consumer marketing

  Write crisis intervention on walmart company

Write crisis intervention on Walmart company

  Address the concerns of the aap and who

1. If you had been an executive with Nestlé, would you have changed your marketing approach after the boycotts began? 2. Did Nestlé suffer long-term damage because of its third world marketing techniques? 3. How could a marketing plan address the con..

  Discuss how the conclusions from conference will help

Then discuss how the twelve conclusions from the conference will help the international anti-corruption community forge ahead in fighting foreign bribery with a mutual understanding of how to achieve its goals

  Explain how can value chain analysis use

Explain How can value chain analysis be used in formulating an eBusiness strategy

  Identify any considerations you will need to employ to

select a current product with which you are familiar and pitch a new integratedmarketing communication plan imc to your

  What factors influence choice of media

What factors influence choice of media? What media would you choose to market a new line of cosmetics for women, and why? How would your choice change if it were a cosmetic line for men?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd