Upon successful completion of this module, the student will be able to satisfy the following outcomes:Case---instructions attachedSLP----instructions attachedDiscussion--instructions below (1 page)Explain what Bounded Rationality is.Then discuss how this concept can affect the decision situation in SLP 3.Also discuss how this concept can affect the data analysis in Case 3.Explain your logic for both of your arguments. Are there any similarities between these two situations?

In a managerial report,Use descriptive statistics to summarize the data from Triple T’s study. Based on descriptive statistics, what are your preliminary conclusions about whether the time spent by visitors to the Triple T website differs by background color or font? What are yourpreliminary conclusions about whether time spent by visitors to the Triple T website differs by different combinations of background color and font?Explain whether Triple T has used an observational study or a controlled experiment.Use the data from Triple T’s study to test the hypothesis that the time spent by visitors to the Triple T website is equal for the three background colors. Include both factors and their interaction in the ANOVA model, and use a=.05.Use the data from Triple T’s study to test the hypothesis that the time spent by visitors to the Triple T website is equal for the three fonts. Include both factors and their interaction in the ANOVA model, and use a=.05.Use the data from Triple T’s study to test the hypothesis that time spent by visitors to the Triple T website is equal for the nine combinations of background color and font. Include both factors and their interaction in the ANOVA model, and use a=.05.Discuss whether the results of your analysis of the data provide evidence that the time spent by visitors to the Triple T website differs by background color, font, or combination of background color and font. What is your recommendation?Step 3: Discuss:What recommendations does your ANOVA results support? Use findings from your managerial report to support your recommendations. Be sure to include why you support certain decisions over others. What surprising findings did you come up with during your analysis?