SCENARIO 10-3
as Part of an Evaluation Program, a Sporting

question 298

Multiple Choice

SCENARIO 10-3
As part of an evaluation program, a sporting goods retailer wanted to compare the downhill coasting speeds of 4 brands of bicycles.She took 3 of each brand and determined their maximum downhill speeds.The results are presented in miles per hour in the table below. $\begin{array}{lllll}\text { Trial}&\text { Barth}&\text { Tornado }&\text {Reiser}&\text { Shaw }\\1 & 43 & 37 & 41 & 43 \\2 & 46 & 38 & 45 & 45 \\3 & 43 & 39 & 42 & 46\end{array}$
-Referring to SCENARIO 10-3, what should be the decision for the Levene's test for homogeneity of variances at a 5% level of significance?

• A)Reject the null hypothesis because the p-value is smaller than the level of significance.
• B)Reject the null hypothesis because the p-value is larger than the level of significance.
• C)Do not reject the null hypothesis because the p-value is smaller than the level of significance.
• D)Do not reject the null hypothesis because the p-value is larger than the level of significance.

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Definitions:

Minimum Cash Balance

The lowest amount of cash a company aims to maintain on hand to meet immediate needs and navigate through unforeseen expenditures.

Expected Cash Disbursements

Amounts of cash a company anticipates paying out over a specified period, often related to its operating expenses and investments.

Budgeted Accounts Receivable

The projected amounts to be received by a company for goods or services offered on credit, as estimated during the budgeting process.

Budgeted Sales

The projected amount of sales, in units or dollars, expected for a specific period.