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A toy company is concerned that its distribution strategy is not working. Sean Masterson, the marketing...

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Statistics

A toy company is concerned that its distribution strategy is notworking. Sean Masterson, the marketing manager stated that one ofthe primary goals in the distribution of a particular toy is tokeep the prices similar throughout all their distribution channels.To find out if their strategy is failing, the marketing departmenttook a survey of 5 different outlets in three different channels.The price results are in the following table:

Store

Web sales

Discount stores

Department stores

1

13

15

16

2

16

17

17

3

14

14

16

4

18

18

17

5

15

17

16

Using ANOVA, determine if there is a significant difference inprices between the three channels. Mr. Masterson wants to be 90%confident, so list all the steps of the hypothesis test and do thecalculations then write a memorandum to Mr. Masterson stating yourconclusion and backing it up with statistical analysis.

Answer & Explanation Solved by verified expert
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To test of there is a significant difference in    See Answer
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