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Exam 2
Notes for Exam 2
72
Marketing
Undergraduate 3
03/25/2014

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Cards

Term
Descriptive Research
Definition
Collect information that provides answers to research questions (who, what, where, when, and how)
Describe characteristics of existing market situations
Identify relationships or differences
Term
Information Collected From Surveys
Definition
Attitudes
Decisions
Who, What, Where, When, and how of Decisions
Term
Construct
Definition
Non-observable trait about an individual (satisfaction)
Term
Attribute
Definition
Observable, measurable trait (height, weight, etc.)
Term
Three Components of Attitude
Definition
Cognitive (Knowledge about something)
Affective ((How you feel about something)
Intentions (behavior)
Term
Importance of Measurement and Scaling
Definition
Allows for responses and situations to be compared
Term
Four Levels of Scales
Definition
Nominal
Ordinal
Interval
Ratio
Term
Nominal Scales
Definition
Mutually exclusive, labeled categories, with no necessary relationship
Term
Ordinal Scales
Definition
Ranked in order with regard to some common variable, not able to determine difference by how much or less
Term
Interval Scales
Definition
Ratios can be determined but 0 point has no real value (Likert Scales)
Term
Ratio Scales
Definition
Ratios determined and 0 does have a real meaning (weight, market share, dollars)
Term
Reliability
Definition
Lack of Error (data clustered together)
Term
Validity
Definition
Scale measures what is supposed to be measured (clustered at center point
Term
Face Validity
Definition
Degree to which a measurement seems to measure what it is supposed to measure
Term
Content Validity
Definition
Representativeness of the content of a measurement instrument (does it measure everything)
Term
Criterion-Related Validity
Definition
Degree to which a measurement instrument can predict a variable that is designated a criterion
Term
Construct Validity
Definition
Degree to which a measurement instrument represents and logically connects the observed phenomenon to the construct
Term
Conditions Needed to Establish Causality
Definition
Strong association between an action and an observed outcome
Action precedes outcome
Internal validity (no competing explanation)
Generalizable
Persistent
Term
Independent Variable
Definition
The variable that is manipulated
Term
Dependent Variable
Definition
Variable affected by the independent variable
Term
Experimental Treatment
Definition
Specific combination of factor levels whose effect is compared to other treatments
Term
Experiment
Definition
Testing of the effects of independet variables on some dependent variable
Term
Experimental Group
Definition
Some group of units gathered that have the same experimental treatment level applied to them
Term
Control Group
Definition
group with no applied experimental treatment
Term
Confounding Variable
Definition
Some variable which impacts both the independent and dependent variables, causing a misrepresentation of the independent variable impacting the dependent (Ice cream purchase correlates with crime; heat causes both to rise)
Term
Selection Bias
Definition
accidental or intentional specific selection of respondents by the researcher
Term
Randomization
Definition
Random selection of respondents
Term
Treatment Effect
Definition
Observed effects of the experimental treatment
Term
Threats to Internal Validity
Definition
History
Maturation
Testing
Instrumentation
Selection Bias
Mortality
Term
History
Definition
Threat that external events will impact the results of the experiment
Term
Maturation
Definition
Responses will change as the respondents age
Term
Testing
Definition
Threat to validity due to respondents knowning that they are being tested
Term
Instrumentation
Definition
Using different measurement techniques
Term
Mortality
Definition
Respondents dropping out
Term
Classical Design
Definition
One treatment level at a time
Term
Statistical Design
Definition
More than one treatment level and more than one independent variable
Term
Descriptive Research
Definition
Collect information that provides answers to research questions (who, what, where, when, and how)
Describe characteristics of existing market situations
Identify relationships or differences
Term
Information Collected From Surveys
Definition
Attitudes
Decisions
Who, What, Where, When, and how of Decisions
Term
Construct
Definition
Non-observable trait about an individual (satisfaction)
Term
Attribute
Definition
Observable, measurable trait (height, weight, etc.)
Term
Three Components of Attitude
Definition
Cognitive (Knowledge about something)
Affective ((How you feel about something)
Intentions (behavior)
Term
Importance of Measurement and Scaling
Definition
Allows for responses and situations to be compared
Term
Four Levels of Scales
Definition
Nominal
Ordinal
Interval
Ratio
Term
Nominal Scales
Definition
Mutually exclusive, labeled categories, with no necessary relationship
Term
Ordinal Scales
Definition
Ranked in order with regard to some common variable, not able to determine difference by how much or less
Term
Interval Scales
Definition
Ratios can be determined but 0 point has no real value (Likert Scales)
Term
Ratio Scales
Definition
Ratios determined and 0 does have a real meaning (weight, market share, dollars)
Term
Reliability
Definition
Lack of Error (data clustered together)
Term
Validity
Definition
Scale measures what is supposed to be measured (clustered at center point
Term
Face Validity
Definition
Degree to which a measurement seems to measure what it is supposed to measure
Term
Content Validity
Definition
Representativeness of the content of a measurement instrument (does it measure everything)
Term
Criterion-Related Validity
Definition
Degree to which a measurement instrument can predict a variable that is designated a criterion
Term
Construct Validity
Definition
Degree to which a measurement instrument represents and logically connects the observed phenomenon to the construct
Term
Conditions Needed to Establish Causality
Definition
Strong association between an action and an observed outcome
Action precedes outcome
Internal validity (no competing explanation)
Generalizable
Persistent
Term
Independent Variable
Definition
The variable that is manipulated
Term
Dependent Variable
Definition
Variable affected by the independent variable
Term
Experimental Treatment
Definition
Specific combination of factor levels whose effect is compared to other treatments
Term
Experiment
Definition
Testing of the effects of independet variables on some dependent variable
Term
Experimental Group
Definition
Some group of units gathered that have the same experimental treatment level applied to them
Term
Control Group
Definition
group with no applied experimental treatment
Term
Confounding Variable
Definition
Some variable which impacts both the independent and dependent variables, causing a misrepresentation of the independent variable impacting the dependent (Ice cream purchase correlates with crime; heat causes both to rise)
Term
Selection Bias
Definition
accidental or intentional specific selection of respondents by the researcher
Term
Randomization
Definition
Random selection of respondents
Term
Treatment Effect
Definition
Observed effects of the experimental treatment
Term
Threats to Internal Validity
Definition
History
Maturation
Testing
Instrumentation
Selection Bias
Mortality
Term
History
Definition
Threat that external events will impact the results of the experiment
Term
Maturation
Definition
Responses will change as the respondents age
Term
Testing
Definition
Threat to validity due to respondents knowning that they are being tested
Term
Instrumentation
Definition
Using different measurement techniques
Term
Mortality
Definition
Respondents dropping out
Term
Classical Design
Definition
One treatment level at a time
Term
Statistical Design
Definition
More than one treatment level and more than one independent variable
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