Use the Following to Answer Questions

question 4

Short Answer

Use the following to answer questions :
The table shown below gives information on a variable for three samples selected from three normally distributed populations with equal variances.
By using ANOVA,we wish to test the null hypothesis that the means of the three corresponding populations are equal.The significance level is 1%.
-The degrees of freedom for the numerator of the F distribution are:

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Definitions:

Inventory Formula

The equation used to calculate the value of a company's inventory, commonly stated as Beginning Inventory + Purchases - Cost of Goods Sold = Ending Inventory.

Physical Flow

The actual movement of goods or materials through a manufacturing process, from receipt of raw materials to delivery of finished products.

Weighted Average Method

An inventory valuation method that applies a weighted average cost to the goods available for sale, to calculate cost of goods sold and ending inventory.

Responsibility Centre

A management accounting tool in which parts of an organization are allocated responsibility for controlling costs, revenues, or investments.