SCENARIO 11-8 An Important Factor in Selecting Database Software Is the Time

question 42

True/False

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,the randomized block F test is valid only if the population of the amount of time needed is normally distributed for the 3 brands.

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Definitions:

Absolute Advantage

The ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

Comparative Advantage

The capability of an entity to generate a product or service with a smaller opportunity cost compared to another entity.

Comparative Advantage

The talent of a country or business to create a certain product or service more efficiently, incurring lower opportunity costs than competing entities.

Absolute Advantage

A condition where an entity can produce a good at a lower cost in terms of labor, resources, and time than another entity producing the same good.