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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,the relative efficiency means that 15.23 times as many observations in each brand would be needed in a one-way ANOVA design as compared to the randomized block design in order to obtain the same precision for comparison of the different means.
Freedom To Farm Act
A U.S. federal law enacted in 1996 aimed at allowing farmers greater management flexibility in what they plant and produce.
Agricultural Price Supports
Government interventions to stabilize or increase agricultural product prices through mechanisms such as subsidies or purchase commitments.
Acreage Allotments
A pre-1996 government program that limited the total number of acres to be used in producing (reduced amounts of) various food and fiber products and allocated these acres among individual farmers. These farmers had to limit their plantings to the allotted number of acres to obtain price supports for their crops.
Parity Ratio
is a measurement used to compare the value of one thing against another, often in agriculture or finance.
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