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TABLE 11-11
A student team in a business statistics course designed an experiment to investigate whether the brand of bubblegum used affected the size of bubbles they could blow. To reduce the person-to-person variability, the students decided to use a randomized block design using themselves as blocks. Four brands of bubblegum were tested. A student chewed two pieces of a brand of gum and then blew a bubble, attempting to make it as big as possible. Another student measured the diameter of the bubble at its biggest point. The following table gives the diameters of the bubbles (in inches) for the 16 observations.
-Referring to Table 11-11, what are the degrees of freedom of the randomized block F test for the difference in the means at a level of significance of 0.01?
Lowest Price
The smallest amount of money that can be paid for a product or service in the market.
Market Capitalization
The total value of a company's outstanding shares of stock, calculated by multiplying the current stock price by the total number of shares.
Outstanding
Exceptionally good or conspicuously notable above others.
Price Per Share
The current market value of a company's single share of stock, reflecting the investors' perceptions of its future prospects.
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