[Solved] Value perceptions of consumers. Refer to the Journal of Consumer Research study of whether between-store comparisons result in greater perceptions
Question: Value perceptions of consumers. Refer to the Journal of Consumer Research study of whether between-store comparisons result in greater perceptions of value by consumers than within-store comparisons, Example 1.7 (p. 16). Recall that 50 consumers were randomly selected from all consumers in a designated market area to participate in the study. The researchers randomly assigned 25 consumers to read a within-store price promotion advertisement ("was $100, now $80 ") and 25 consumers to read a between-store price promotion ("$100 there, $80 here"). The consumers then gave their opinion on the value of the discount offer on a 10 -point scale (where 1=lowest value and 10=highest value). The goal is to compare the average discount values of the two groups of consumers.
- What is the response variable for this study?
- What are the treatments for this study?
- What is the experimental unit for this study?
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