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

question 70

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,there is evidence of a significant difference in the mean amount of time needed to learn Brand A and Brand B at the 5% level of significance?

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Definitions:

Canadian Small Stocks

Equity securities of small-cap companies based in Canada, often characterized by higher volatility and growth potential than larger firms.

Risky

Involves a high degree of uncertainty and potential for loss in relation to an investment or decision.

Average Return

The simple mathematical average of a series of returns generated over a period of time.

Standard Deviations

A statistical measure of the dispersion or variability in a data set, often used in finance to represent the volatility or risk of an investment.