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Author Question: The ___________ is the utility value that a consumer attaches to each level of each attribute in a ... (Read 60 times)

daltonest1984

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on: Jun 24, 2018
The ___________ is the utility value that a consumer attaches to each level of each attribute in a conjoint analysis model.
 a. weightage b. share of choice
  c. part-worth d. share of market

Question 2

A cellular phone company claims that the mean amount spent per month is more than 75 . A test is made of Ho:  = 75 versus Ha:  > 75 . The null hypothesis is rejected. State the appropriate conclusion.


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Kingjoffery

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

c
RATIONALE: The part-worth is the utility value that a consumer attaches to each level of each attribute in a conjoint analysis model.

Answer to Question 2

There is sufficient evidence to support the claim that the mean checkout amount is greater than 75.
RATIONALE: The claim for this problem is that the mean checkout amount is greater than 75 . The conclusion is stated in terms of the alternative hypothesis.


daltonest1984

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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