Please do not give solution in image format thanku Question 1Over the course of an experiment, when some of the respondents changetheir opinions or attitudes and this impacts their score on the dependentvariable, this change is classified as which extraneous variable?O selection biasO historyO maturationtesting effectsO instrumentationQuestion 2How consumers shop for TurboTax is similar to how banking customers mightfirst shop for a bank or financial institution and how they might shop insubsequent years. When the majority of customers are first looking for afinancial institution or tax preparation software they will treat it as agood, and in subsequent years they are likely to treat it as agood because of potential switching costs.O shopping; specialtyO specialty; specialtyO shopping; shoppingO specialty; convenience

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Answered: Question 1 Over the course of an…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question 13 We should be very careful of the problem of _______. The test units who drop out may be systematically different from the test units who remain. For example, salespeople who drop out of a sales training program may be the ones who do not gain anything from the program. In that case, the experiment will only measure the change of effectiveness for the test units who do not leave. history mortality Main testing effect Selection bias
Question 1 Data:A drive-in restaurant is running a new promotion, the "Route 44," named after an interstatethat runs through their primary market area. The drink is promoted as 44 ounces of purecarbonated pleasure but the regional manager, being somewhat of a quality expert, wantsto make sure that the company's drink process can deliver 44 ounces. He decidesstatisticalquality control is the best way to monitor their process.For ten consecutive days he purchases five Route 44 drinks from franchise locations on hisway to headquarters and turns them over to the testing lab for volume analysis. The dataappear in the table, all amounts are in fluid ounces as measured by the testing lab.Drinks ← Sample Readings →Subgroup ↓ Drink 1 Drink 2 Drink 3 Drink 4 Drink 5 Mean RangeD 1 43.51 42.47 42.15 43.15 44.14A 2 42.94 44.90 42.72 43.68 43.71Y 3 42.05 44.65 45.37 42.43 45.32S 4 41.72 45.94 46.68 43.13 42.625 44.98 45.39 43.30 44.52 43.446 43.83 44.44 44.94 45.74 45.837 43.76 44.65 45.41 44.73…
Question 45 When assigning responsibilities for monitoring risk mitigation plans, which of the following criteria is most important? a. To properly assess the monitoring process, those doing the monitoring must hear from those close to the risks/ controls b. Monitoring should focus on established, not emerging, risks c. To insure an independent attitude, monitoring responsibility should be limited to higher levels rather than at levels where detailed processes occur d. Those with monitoring responsibility can generally minimize consideration of cost-benefit analysis Question 46 An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy? Avoidance Reduction Sharing Elimination Question 47 Stakeholders are individuals or groups who a. Dominate the strategy development process…
QUESTION 34 Suppose the actual sales and the forecasted, or smoothed sales, for the past 5 months have been Actual Smoothed 54.4 76.8 54.4 75.5 72.3 53.2 74.8 39.2 57.6 What is the Mean Absolute Error of the smoothed series? (please round your answer to 1 decimal place)
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Question 1 Over the course of an experiment, when some of the respondents change their opinions or attitudes and this impacts their score on the dependent variable, this change is classified as which extraneous variable? selection bias history maturation testing effects instrumentation