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

question 34

Short Answer

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,what is the upper-tail critical value of the Studentized range distribution for the Tukey multiple comparison procedure at the 5% level of significance?

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Definitions:

Straight-Line Method

A method of amortizing a bond discount or premium that provides for equal amounts of discount (or premium) to be written off to interest expense each period.

Useful Life

The estimated period of time over which an asset is expected to be usable by the entity, used for the purposes of depreciation or amortization.

Total Income Yield

refers to the percentage of income an investment generates, considering both dividend or interest payments and capital gains.

Cash Payback Period

The duration required for an investment to generate cash flows sufficient to recover the initial investment cost.