A Company Has Three Branches, A, B, and C, Located

question 12

Multiple Choice

A company has three branches, A, B, and C, located in different cities. Management of the company needs to estimate the efficiency of the work of each branch. The study considers the profit of each branch per a month (in million dollars) during the last year. Suppose that the samples are independent and have normal distributions. Results of the study are represented below. ​ Carry out an ANOVA test and find the F and P values.

• A) , , , and P-value is between 0.025 and 0.05.
• B) , , , and P-value is between 0.05 and 0.10.
• C) , , , and P-value is between 0.01 and 0.025.
• D) , , , and P-value is less than 0.01.

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Definitions:

Optimal Consumption

The combination of goods and services that provides the highest level of satisfaction to an individual, given their income and the prices of those goods and services.

Prices Constant

An assumption in economic analysis that prices remain unchanged over a specific period, allowing for the examination of other variables' effects without price fluctuations.

Diminishing Marginal Rate

The principle that as the quantidade of a variable input increases, with all other inputs fixed, a point will be reached where the additions to output will begin to decrease.

Substitution

The economic principle describing how consumers or producers replace one good or service with another in response to changes in price or other factors.