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SCENARIO 11-8
An important factor in selecting database software is the time required for a user to learn how to use the system.To evaluate three potential brands (A,B and C)of database software,a company designed a test involving five different employees.To reduce variability due to differences among employees,each of the five employees is trained on each of the three different brands.The amount of time (in hours)needed to learn each of the three different brands is given below:
Below is the Excel output for the randomized block design:
-Referring to Scenario 11-8,there is evidence of a significant difference in the mean amount of time needed to learn Brand A and Brand C at the 5% level of significance?
Quota
A government-imposed trade restriction limiting the number or monetary value of goods that can be imported or exported.
Nations Trade
The exchange of goods, services, and capital between countries, driven by comparative advantages and specialization.
Frederic Bastiat
A 19th-century French economist and writer known for his advocacy of classical liberalism and his witty criticisms of protectionism.
Trade Protectionism
Government policies designed to restrict international trade to protect domestic industries from foreign competition.
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