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Author Question: A consumer products company is considering introducing a new product nationally. To help make the ... (Read 101 times)

HudsonKB16

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on: Jun 24, 2018
A consumer products company is considering introducing a new product nationally. To help make the decision, it first conducts a test market by selling the product for a few months in one city. This is an example of:
 
  A) descriptive statistics.
  B) charts and graphs.
  C) estimation.
  D) hypothesis testing.

Question 2

Compute the error mean squares.
 
  What will be an ideal response?


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Bsand8

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

MSE = SSE / (K - 1 ) (H - 1 ) = 464.4 / 25 = 18.576


HudsonKB16

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

carlsona147

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Reply 3 on: Yesterday
Excellent

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