TABLE 11-10
an Agronomist Wants to Compare the Crop Yield

question 175

Short Answer

TABLE 11-10
An agronomist wants to compare the crop yield of 3 varieties of chickpea seeds. She plants all 3 varieties of the seeds on each of 5 different patches of fields. She then measures the crop yield in bushels per acre. Treating this as a randomized block design, the results are presented in the table that follows.
$$\begin{array} { l c c l } \text { Fields } & \text { Smith } & \text { Walsh } & \text { Trevor } \\1 & 11.1 & 19.0 & 14.6 \\2 & 13.5 & 18.0 & 15.7 \\3 & 15.3 & 19.8 & 16.8 \\4 & 14.6 & 19.6 & 16.7 \\5 & 9.8 & 16.6 & 15.2\end{array}$$
-Referring to Table 11-10, what is the value of the test statistic for the randomized block F test for the difference in the means?

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Definitions:

Profit-Maximizing Number

The output level at which a firm achieves the highest possible profit, determined by revenue and cost structures.

Shutdown Quantity

The amount of output at which a company's revenue just covers its variable costs, prompting it to cease operations temporarily if prices fall below this level.

Monopolistically Competitive

This refers to a market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and product differentiation.

Economic Profit

The difference between a firm's total revenues and its opportunity costs, representing the additional gain over what could have been earned in the next best alternative.