Practice Final Exam Solution

Practice Final Exam Solution - SCHULICH SCHOOL OF BUSINESS...

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MGMT1050 Practice Final Examination PART I - PROBLEM RECOGNITION (24 MARKS, 2 MARKS EACH) Instructions: For each of the scenarios below, write the null and alternative hypotheses and indicate the most appropriate statistical test. You are not required to conduct the test, just choose the most suitable test from the following options: z-test; t-test; χ 2 -test; F-test, ANOVA. Notes : (1) Be specific in your answers: for example, specify the type of ANOVA required (one-way, randomized block, or two-way), or whether you would use the t-test for equal variances or not. (2) When writing hypotheses for two population tests, use meaningful indexing. For example, if the question asks to compare Canada and the US, write μ c - μ u as opposed to μ 1 - μ 2 . (3) Write all relevant hypotheses for each of the questions. 1 . Do “captive stores” have better or worse pricing? In order to test this question, a researcher selected 20 Sony products and collected the prices for these items at three stores: the “Sony Style” store, “The Source” and a local independent electronics retailer.
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• Fall '12
• HilaCohen;OlgaKaminer;AlanMarshall;AlexShoumarov,DoritNevo
• Management, Scantron Sheet, Statistical hypothesis testing, researcher, Schulich

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