TEST 2 BU422-A: MARKETING RESEARCH November 26, 2021 Professor: Dr. Marzena Cedzynski Duration: 2 hours 45 minutes Please provide the answer to all six questions below by relying on our class discussions, my PPT presentations, and assigned articles (where applicable). PART I Q1. Surveys are invaluable research tools for marketers to guide their decision making process and a third of all articles published in high-impact marketing journals rely on survey methods. Still, the utility of surveys as information sources can be greatly compromised by flawed designs and poor administration of survey instruments, among other sources of error. Q1a) Discuss the issues or quality requirement challenges in survey research tackled by marketing researchers with varying degrees of success, which in some cases might mean that research findings are highly questionable, or even meaningless and invalid. [worth 10 points out of a total possible score of 66 points] Your answer to Q1a should not exceed one half of a single-spaced page, whether you use a paragraph or point style of writing. Q1b) Elaborate as to how the latest trend in survey methods helps to overcome the challenges associated with traditional survey methods, but, at the same time, can make the interpretation of the research findings even more challenging. Can you think of any examples of negative and positive outcomes associated with reliance on a disruptive technology in survey methods? [worth 10 points out of a total possible score of 66 points] Your answer to Q1b should not exceed one half of a single-spaced page, whether you use a paragraph or point style of writing. Q2. The 7th step of the marketing research process calls for data collection forms to be designed in such a way as to ensure the quality and the purpose of the data to be gathered. Apply the best practices (including “Dos” and “Don’ts,” that market researchers have to take into account when designing the questionnaire) to the research questions below. In other words, point to the problem(s) with each of the questions and suggest necessary improvements. [worth 6 points out of a total possible score of 66 points] Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 1/10 The following questions are extracted (with minor modification) from the Rogers survey I completed recently. Q2a) Please think about your recent interaction when you had a technician visit your home for the following questions. When you think of the technician, please think specifically about the last technician you dealt with during this interaction. Later in the survey you will be able to tell us about how you feel about Rogers overall (such as previous Rogers representatives, services, etc.) Q2a-1) All of my services, new and old, are working to my satisfaction (Yes/No)? Q2a-2) The Rogers technician understood what I was trying to do (Yes/No)? S2b) Rate your level of agreement with the statement that the Rogers technician took ownership to answer my questions or help resolve my issues (5-point scale). PART II Picture yourself as a consultant for the upscale L’Expérience Restaurant. Jeff, the manager of this establishment, has commissioned you to write a final report to clarify some of the research findings already delivered to him by a research firm that was responsible for the original research design and data collection. Because a thorough data analysis of the original findings is expected to take some time to develop and present in your final report, Jeff has asked you to conduct some preliminary analysis. To this end, please answer the following questions. Q3) Jeff has already been briefed on the basic findings of the research and he seems to be a little disappointed with the percentage of respondents willing to patronize his L’Expérience Restaurant. You hate to break it to him, but the percentage of respondents attracted to his value proposition may be even lower in the overall population. Q3a) With reference to the SPSS output below, inform Jeff how low the percentage of respondents who indicated being “Very Likely” to patronize his restaurant could possibly get in the population of interest when you minimize the chance of overestimating the true population parameter. Explain your logic and results. [worth 5 points out of a total possible score of 66 points] Very Likely to patronize this new upscale restaurant Cumulative Frequency Valid Missing Total Percent Valid Percent Percent No 285 71.3 72.5 72.5 Yes 108 27.0 27.5 100.0 Total 393 98.3 100.0 7 1.8 400 100.0 System Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 2/10 Q3b) You are going to recommend a survey of randomly selected respondents, which will ask about their willingness to patronize (i.e., Yes/No answer) the Restaurant following a short description of the establishment. What sample size should be used in this study in order to achieve an accuracy level of ± 2.5% at a 90% level of confidence? Explain your logic and results. [worth 5 points out of a total possible score of 66 points] Q4) Relying on his experience, Jeff believes that a significant number of customers attracted to upscale restaurants find elegant décor highly desirable. Consequently, he hypothesizes that the average response to the question measuring customer preference for “elegant décor” would be 4 out of 5 in the population of interest. Do the research findings (presented in the SPSS output on next page) support or refute Jeff’s hypothesis? Interpret your findings. [worth 5 points out of a total possible score of 66 points] Q5) Jeff wonders whether there is an association between income earned (captured by the variable with three categories: high-income earners, moderate-income earners, and low-income earners) and desire for convenience (captured by a new categorical variable, which measures the preference (Yes/No) for a new upscale restaurant to be located within a 30-minute drive). Please refer to the right SPSS output in Appendix A and help Jeff understand if the association is significant. Explain your findings. [worth 5 points out of a total possible score of 66 points] Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 3/10 Q6) Your final challenge in data analysis involves developing a predictive model for L’Expérience Restaurant which is expected to help Jeff understand the complex relationships among the variables in your dataset. Q6a) Determine which of the independent variables listed in the table below you would enter in a single step (using the Enter Method) into the multiple regression equation in which the predictor variable measures a respondent's willingness to patronize L’Expérience Restaurant. [worth 5 points out of a total possible score of 66 points] Q6b) Interpret the findings of the multiple regression analysis provided in Appendix B. Do you suspect any collinearity problems? Refer to Appendix B to find some additional SPSS output to help you detect any evidence in relation to multicollinearity concerns. [worth 10 points out of a total possible score of 66 points] Q6c) Do you think that the sample size of 400 would mitigate any potential multicollinearity problem? Explain. [worth 5 points out of a total possible score of 66 points] Good Luck! Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 4/10 Appendix A (Q5) Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 5/10 Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 6/10 Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 7/10 Appendix B (Q6b) Model Summary Model R R Square Adjusted R Std. Error of the Square Estimate 1 .838a .702 .702 .565 2 .852b .725 .724 .543 3 .855c .731 .729 .538 a. Predictors: (Constant), What would you expect an average evening meal entree item alone to be priced? b. Predictors: (Constant), What would you expect an average evening meal entree item alone to be priced?, Prefer Formal Waitstaff Wearing Tuxedos c. Predictors: (Constant), What would you expect an average evening meal entree item alone to be priced?, Prefer Formal Waitstaff Wearing Tuxedos, AGE ANOVAa Model 1 2 Sum of Squares Mean Square Regression 254.574 1 254.574 Residual 107.838 338 .319 Total 362.412 339 Regression 262.880 2 131.440 99.531 337 .295 Total 362.412 339 Regression 265.085 3 88.362 97.327 336 .290 362.412 339 Residual 3 df Residual Total F Sig. 797.917 .000b 445.038 .000c 305.049 .000d a. Dependent Variable: How likely would it be for you to patronize this restaurant (new upscale restaurant)? b. Predictors: (Constant), What would you expect an average evening meal entree item alone to be priced? c. Predictors: (Constant), What would you expect an average evening meal entree item alone to be priced?, Prefer Formal Waitstaff Wearing Tuxedos d. Predictors: (Constant), What would you expect an average evening meal entree item alone to be priced?, Prefer Formal Waitstaff Wearing Tuxedos, AGE Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 8/10 Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 9/10 Please create a Word document including your answers to the three examination questions and upload it to the “TEST 2_Answers” under the “Dropbox” tab by Friday, Nov. 26 at 2:15 pm. The document should be titled “Test 2_your name”. Dr. Marzena Cedzynski BU422-A Fall 2021 Test 2 Page 10/10