Question

A researcher studying the effect of price cuts on consumers' expectations makes up two different histories of the store price of a hypothetical brand of laundry detergent for the past year. Eight students in a class view one or the other price history on a computer. Some students see a steady price, while others see regular sales that temporarily cut the price. Students are asked the price they would expect to pay.
Reference: Ref 8-2

The names of the eight subjects follow.
1. Franklin
2. James
3. Wright
4. Edwards
5. Rust
6. Walsh
7. Gofberg
8. Williams

Answer 1

sing the following list of random digits: 41842 81868 71035 09001 43367 49497. Start at the beginning of this list and use single-digit labels to assign the first four subjects selected to have the steady price group and the remaining four to the fluctuating price group. The subjects assigned to the fluctuating price group are
A. Franklin, James, Wright, and Edwards.
B. Edwards, Franklin, Williams, and James.
C. Rust, Walsh, Gofberg, and Williams.
D. Wright, Rust, Walsh, and Gofberg.

Answer 2

I guess C since it says the first 4 are steady, the last 4 are fluctuating, so C is the last 4 of that list..

Answer 3

@CliffSedge

Answer 4

The response is
A. the laundry detergent.
B. the business students.
C. the price they would expect to pay.
D. the sale prices.

The experimental units are
A. all business students at the college.
B. the eight business students who participated.
C. the business students who were in the fluctuating price group.
D. the price they would expect to pay.

I think C, and I'm not 100% but I think B?

Answer 5

4 Edwards
1 Franklin
8 William
4 X (already used)
2 James


8 X
1 X
8 X
6 Walsh
8 X
7 Gofberg
1 X
0 X (not on list)
3 Wright
5 Rust

The 'Fluctuating' group is {Walsh, Gofberg, Wright, Rust}

Answer 6

What did you just do lol?

Answer 7

I went through the list of random numbers and saw what names corresponded to those numbers, if any numbers were invalid, I threw them out.

Answer 8

Where did oyu find the table? The Table B they say to use doesn't have those #'s...

Answer 9

I used this list, "Using the following list of random digits: 41842 81868 71035 09001 43367 49497. "

Answer 10

oic what you did...

Answer 11

gotcha :).

Answer 12

What about the other 2 parts?

Answer 13

Your guesses are correct.

Answer 14

Thanks!