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The Results of an Experiment Comparing the Cycle Lengths of Three

question 65

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The results of an experiment comparing the cycle lengths of three different brands of washing machines (N=33) indicated an overall mean square error of 2.58.The researcher believes that the brands 1 and 2 may be the most different as they have mean cycles of 31.8 (n=12) and 35.9 (n=10) .Using an alpha of 0.05, would the research find evidence of a significant difference in these brands?

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Definitions:

Present Values

This is a concept in finance that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Discount Rate

This rate is applied in the framework of DCF analysis for the purpose of calculating the current value of foreseeable cash flows.

Compounded Annually

Compounded annually refers to the calculation and addition of interest to the principal sum of a loan or deposit once every year.

Simple Interest

Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.

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