TABLE 11-3 As Part of an Evaluation Program,a Sporting Goods Retailer Wanted

question 90

True/False

TABLE 11-3
As part of an evaluation program,a sporting goods retailer wanted to compare the downhill coasting speeds of 4 brands of bicycles.She took 3 of each brand and determined their maximum downhill speeds.The results are presented in miles per hour in the table below.
-True or False: Referring to Table 11-3,the decision made implies that all 4 means are significantly different.

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Definitions:

Private Saving

The income that households have left after paying for taxes and consumption.

Consumption Tax

A consumption tax is a tax on the money people spend rather than the money people earn. It includes sales taxes, value added taxes (VAT), and others.

Means Testing

A method for determining eligibility for certain forms of government assistance based on the applicant's financial means or income level.

National Debt

The total amount of money that a country's government has borrowed, by various means.