Suppose a conjoint analysis is conducted with two different groups of respondents: Group A and Group B. The data from Gr

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Suppose a conjoint analysis is conducted with two different groups of respondents: Group A and Group B. The data from Gr

Post by answerhappygod »

Suppose a conjoint analysis is conducted with two differentgroups of respondents: Group A and Group B. The data from Group Aindicate that the part-worth utility for the product price of $5 is2.5 while the part-worth utility for the product price of $4 is 3.The data from Group B indicate that the part-worth utility for theproduct price of $5 is 2.75 while the part-worth utility for theproduct price of $4 is 3. It can be concluded that Group A is moreprice sensitive than Group B.
TRUE or FALSE,
because?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply