12.61 Shopping and bargaining in Mexico. Price haggling and other bargaining behaviors among consumers have been observed for a long time. However, research addressing these behaviors, especially in a rea
Bargainer | n | Average reduction |
---|---|---|
Hispanic male | 40 | 1.055 |
Anglo male | 40 | 1.050 |
Hispanic female | 40 | 2.310 |
(a) To compare the mean reductions in price, what are the degrees of freedom for the ANOVA F statistic?
(b) The reported test statistic is F = 8.708. Give an approximate (from a table) or exact (from software) P-value. What do you conclude?
(c) To what extent do you think the results of this study can be generalized? Give reasons for your answer.