SCENARIO 11-10 A Campus Researcher Wanted to Investigate the Factors That Affect

question 5

Multiple Choice

SCENARIO 11-10
A campus researcher wanted to investigate the factors that affect visitor travel time in a complex,multilevel building on campus.Specifically,he wanted to determine whether different building signs (building maps versus wall signage) affect the total amount of time visitors require to reach their destination and whether that time depends on whether the starting location is inside or outside the building.Three subjects were assigned to each of the combinations of signs and starting locations,and travel time in seconds from beginning to destination was recorded.An Excel output of the appropriate analysis is given below:
ANOVA

-Referring to Scenario 11-10,at 1% level of significance,

• A)there is insufficient evidence to conclude that the difference between the mean traveling time for the different starting locations depends on the types of signs.
• B)there is insufficient evidence to conclude that the difference between the mean traveling time for the different types of signs depends on the starting locations.
• C)there is insufficient evidence to conclude that the relationship between traveling time and the types of signs depends on the starting locations.
• D)All of the above.

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Definitions:

Idle Capacity

The available but unused capacity of a company to produce goods or services without incurring additional fixed costs.

Absorption Costing

A method of inventory costing in which all costs of production (both variable and fixed) are treated as product costs.

Variable Costing

Variable Costing is an accounting method that only allocates variable costs to inventory and cost of goods sold, excluding fixed manufacturing overhead from inventory valuation.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenues, expenses, and net income.