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SCENARIO 11-7
A student team in a business statistics course designed an experiment to investigate whether the brand of bubblegum used affected the size of bubbles they could blow.To reduce the person-to-person variability,the students decided to use a randomized block design using themselves as blocks.
Four brands of bubblegum were tested.A student chewed two pieces of a brand of gum and then blew a bubble,attempting to make it as big as possible.Another student measured the diameter of the bubble at its biggest point.The following table gives the diameters of the bubbles (in inches)for the 16 observations.
-Referring to Scenario 11-7,the randomized block F test is valid only if there is no interaction between the diameters of the 4 brands of bubble gums and the 4 abilities of the students.
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A capital lease is a lease classified as an asset purchase for accounting purposes, whereby lessee records the leased asset as if it was bought.
Financing Leases
Long-term lease agreements that are categorized as a means of financing the acquisition of assets.
Civil Society
A realm of organized social life that is voluntary, self-generating, self-supporting, autonomous from the state, and bound by a legal order or set of shared rules.
Fortunate Fifth
Refers to the top 20% of the population in terms of income or wealth, often highlighted in discussions of economic inequality.
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