est: ECO 202 Final Exam Time Remaining: 02.36 48 Submit Tes This Question: 1 pl
ID: 1119733 • Letter: E
Question
est: ECO 202 Final Exam Time Remaining: 02.36 48 Submit Tes This Question: 1 pl 15 of 95 (12 complete) This Test: 95 pts possib Suppose you have beon hired as a management consultant by a major oll company to holp it opsimaly price gasoline a team to perform a study on customers' gasoline purchasing habits when they nolice an increase You have access to the following groups of people at is service stations. Your cient would like your in the price of gas Group Description People who have not noticed a gas price increase Number in Group 50 35 People who drive electric cars Peopla who have secently noticed a gas price ncrease People who ride their bikes to work People who ride the bus you would hanvwepeople in your seatment group and pople in your a To set up your experiment on how price Increase awareness impacts customer behavio control group ansaer in each of the answer boxes 7 8 9 6Explanation / Answer
Ans:
A treatment group is the group in an experiment that receives the variable being tested.
Control group is used as baseline and does not receive variables being tested.
1) People in the treatment group = 50 + 20+100
= 170 people
2) People in the control group = 70 people
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