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Cindy Ho, VP of Finance at Discrete Components, Inc

question 33

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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%) .First, she classified DCI's credit customers into three categories by total assets (small, medium, and large) .Then, she randomly assigned four customers from each category to a sales discount rate.In Cindy's experiment "sales discount rate" is ________.


Definitions:

Statistically Significant

A measure indicating that the results observed in a study are unlikely to have occurred by chance, suggesting a real effect.

Correlational

Pertaining to the measurement or establishment of a relationship between two or more variables.

Comparison Group

A group used in an experiment as a standard of comparison for checking the results of a survey or experiment - essentially, the group against which the experimental group's outcomes are measured.

Pornography

Media content intended to sexually arouse through explicit depiction of sexual acts.

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