Write a 350 to 700word paper using the scenario and two vari

Write a 350- to 700-word paper using the scenario and two variables your learning team developed for the Week 2 Business Research Project Part 1 assignment, in which the goal is to submit a random sampling plan in such detail that another researcher could replicate the method.

Solution

Answer to the question)

We got the research topic , effect of price on sales

we consider a consmetic product.

We target a few randomly selected stores in the region

we divde the selected stores in two segments

and run two different experiements

in first segment of stores: we reduce the price of the cosmetic and observe the sale for a period of 10 days

in second segment of stores: we increase the price of the cosmetic and observe the sale for a period of 10 days

like this we get to know the sales under different treatments

we can then conduct a 2 sample independent t test , to test the concept that the segment 2 has higher sale as compared to segment

This research will help is know how the price of the product influences the customer behavior and induces more sales of the product