Suppose you have been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. Your client would like your team to perform a study on customers' gasoline purchasing habits when they notice an increase in the price of gas.You have access to the following groups of people:Group DescriptionNumber in GroupPeople who have not noticed a gas-price increase30People who drive electric cars35People who have recently noticed a gas-price increase80People who ride their bikes to work20People who ride the bus100 To set up your experiment on how price-increase awareness impacts customer behavior, you would have ______ people in your treatment group and ______ people in your control group.

In this case, it is needed to perform a study on customers' gasoline purchasing habits when they…

Answered: Suppose you have been hired as a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Suppose you have been hired as a management consultant by a major oil company to help it optimally price gasoline at its service stations. Your client would like your team to perform a study on customers' gasoline purchasing habits when they notice an increase in the price of gas.

You have access to the following groups of people:

Group Description	Number in Group
People who have not noticed a gas-price increase	30
People who drive electric cars	35
People who have recently noticed a gas-price increase	80
People who ride their bikes to work	20
People who ride the bus	100

To set up your experiment on how price-increase awareness impacts customer behavior, you would have ______ people in your treatment group and ______ people in your control group.

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