Given Below Are the Analysis of Variance Results from a Minitab

question 5

Multiple Choice

Given below are the analysis of variance results from a Minitab display. to use a 0.05 significance level in testing the null hypothesis that the different samples come from populations with the same mean. Identify the P-value. $$\begin{array} { l | r | r | r | c | c } \text { Source } & D F & \boldsymbol { S S } & \boldsymbol { M S } & \boldsymbol { F } & \boldsymbol { p } \\\hline \text { Factor } & 3 & 30 & 10.00 & 1.6 & 0.264 \\\hline \text { Error } & 8 & 50 & 6.25 & & \\\hline \text { Total } & 11 & 80 & & &\end{array}$$

• A) 0.264
• B) 10.00
• C) 6.25
• D) 1.6

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Definitions:

Merchandise Purchases Budget

A financial plan outlining the projected purchases of inventory needed to meet expected sales demand.

Sales Forecast

A Sales Forecast is an estimate of the amount of sales a company expects to achieve over a specific period, based on market research, historical data, and other predictive methods.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, enabling effective cash management.

Capital Expenditure Budget

A budgeting plan for major investments in physical assets, such as buildings and equipment, that a company plans to acquire.