The net price factor for the series of trade discounts if Something’s Fishy, a pet shop, get a 30 / 20 / 12 series of trade discount from the Clearview Fish Tank Company. In June, the shop ordered merchandise with a list price of $ 3 , 500 . In September, the shop placed an additional listing order for $ 5 , 800 .

Question

A retail chain is interested in determining whether a digital video point-of-purchase (POP) display would stimulate higher sales for a brand advertised compared to the standard cardboard point-of-purchase display. To test this, a one-shot static group design experiment was conducted over a four-week period in 100 different stores. Fifty stores were randomly assigned to the control treatment (standard display) and the other 50 stores were randomly assigned to the experimental treatment (digital display). Compare the sales of the control group (standard POP) to the experimental group (digital POP). What were the average sales for the standard POP display (control group)? What were the sales for the digital display (experimental group)? What is the (mean) difference in sales between the experimental group and control group? List the null hypothesis being tested. Do you reject or retain the null hypothesis based on the results of the independent t-test? Was the difference between the…

Answer 1

Question

Chapter 7.III, Problem 7TIE

(a)

To determine

To calculate: The net price factor for the series of trade discounts if Something’s Fishy, a pet shop, get a 30/20/12 series of trade discount from the Clearview Fish Tank Company. In June, the shop ordered merchandise with a list price of $3,500. In September, the shop placed an additional listing order for $5,800.

(b)

To determine

To calculate: The net price for merchandise purchased in June, if Something’s Fishy, a pet shop, get a 30/20/12 series of trade discount from the Clearview Fish Tank Company. In June, the shop ordered merchandise with a list price of $3,500. In September, the shop placed an additional listing order for $5,800 and net price factor is 49.28%

(c)

To determine

To calculate: The net price for the merchandise purchased in September if Something’s Fishy, a pet shop, get a 30/20/12 series of trade discount from the Clearview Fish Tank Company. In June, the shop ordered merchandise with a list price of $3,500. In September, the shop placed an additional listing order for $5,800 and net price factor is 49.28%.

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