A One-Way Within-Groups ANOVA on 3 and 18 Degrees of Freedom

question 49

Multiple Choice

A one-way within-groups ANOVA on 3 and 18 degrees of freedom results in an F statistic of 3.12.What decision should be made about the hypothesis based on this statistic?

• A) Fail to reject the null hypothesis because the F statistic does not exceed the critical cutoff.
• B) Fail to reject the null hypothesis and conclude there is no effect of the independent variable.
• C) Reject the null hypothesis and conclude there are differences among the levels of the independent variable.
• D) Reject the null hypothesis and conclude the independent variable has no effect.

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Definitions:

Inventory Available

The total quantity of goods a company has on hand for sale at any given time, including both finished goods and goods in production.

Current Asset

Assets that are expected to be converted into cash, sold, or consumed within one year or within the company’s normal operating cycle if longer.

Plant and Equipment

Plant and Equipment are long-term assets used in the operation of a business, not intended for resale, including machinery, buildings, and vehicles.

Long-Term Liabilities

Obligations that are not due or payable for a long time, usually for more than a year.