Business, 20.02.2020 20:39 chyg304

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 GroupPeople who have not noticed a gas-price increase 30People who drive electric cars 35People who have recently noticed a gas-price increase 60People who ride their bikes to work 20People who ride the bus 100To 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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