Cindy Ho, VP of Finance at Discrete Components, Inc Using $\alpha$

question 18

Multiple Choice

Cindy Ho, VP of Finance at Discrete Components, Inc.(DCI) , theorizes that the discount rate offered to credit customers affects the average collection period on credit sales.Accordingly, she has designed an experiment to test her theory using four sales discount rates (0%, 2%, 4%, and 6%) by randomly assigning five customers to each sales discount rate.An analysis of Cindy's data produced the following ANOVA table. $$\begin{array} { | r | r | r | r | r | } \hline \text { Source of Variation } & \mathbf { S S } & \mathrm { df } & \mathrm { MS } & \text { F } \\\hline \text { Treatrnent } & 5.35 & \mathbf { 3 } & 1.783333 & \\\hline \text { Error } & 177.2 & 16 & 11.075 & \\\hline \text { Total } & 182.55 & 19 & & \\\hline\end{array}$$ Using $\alpha$ = 0.01, the appropriate decision is _________.

• A)reject the null hypothesis \(\mu\)₁=\(\mu\)₂=\(\mu\)₃=\(\mu\)₄
• B)reject the null hypothesis \(\mu\)₁ \(\neq\) \(\mu\)₂ \(\neq\)\(\mu\)₃\(\neq\)\(\mu\)₄
• C)do not reject the null hypothesis \(\mu\)₁=\(\mu\)₂=\(\mu\)₃=\(\mu\)₄
• D)do not reject the null hypothesis \(\mu\)₁ \(\neq\)\(\mu\)₂ \(\neq\)\(\mu\)₃ \(\neq\)\(\mu\)₄
• E)do nothing

---

Definitions:

Reference Group's Attitude

The collective opinions, beliefs, or norms of a group that an individual identifies with or aspires to join, influencing their behavior and perspectives.

Situational Constraints

External factors or conditions that limit or influence an individual's actions or behavior in a given context.

Self Monitor

An individual's ability to regulate their behavior to accommodate social cues and situations.

Experience Dissonance

Experience dissonance refers to a state of mental discomfort caused by holding two or more conflicting beliefs, values, or attitudes simultaneously.