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TABLE 12-15 Two New Different Models of Compact SUVs Have Just Arrived

question 114

Multiple Choice

TABLE 12-15
Two new different models of compact SUVs have just arrived at the market.You are interested in comparing the gas mileage performance of both models to see if they are the same.A partial computer output for twelve compact SUVs of model 1 and thirteen of model 2 is given below: You are told that the gas mileage population distributions for both models are not normally distributed.
-The Journal of Business Venturing reported on the activities of entrepreneurs during the organization creation process.As part of a designed study,a total of 71 entrepreneurs were interviewed and divided into 3 groups: those that were successful in founding a new firm (n₁= 34) ,those still actively trying to establish a firm (n₂= 21) ,and those who tried to start a new firm but eventually gave up (n₃= 16) .The total number of activities undertaken (e.g.,developed a business plan,sought funding,looked for facilities) by each group over a specified time period during organization creation was measured.The objective is to compare the mean number of activities of the 3 groups of entrepreneurs.Because of concerns over necessary assumption of the parametric analysis,it was decided to use a nonparametric analysis.Identify the nonparametric method that would be used to analyze the data.

Definitions:

Transposition

The error of switching the order of digits in numbers, often leading to inaccuracies in financial or data records.

General Ledger

A comprehensive record of all financial transactions over the life of a company, used to prepare financial statements.

Nominal Account

An accounting ledger account that starts each new accounting period with a zero balance and ends with a closed balance to transfer to a real account.

Retained Earnings

Retained Earnings represent the cumulative amount of net income earned by a company that has not been distributed to shareholders as dividends.