Given Below Are the Analysis of Variance Results from a Minitab

question 20

Multiple Choice

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

• A) 4.07
• B) 8.85
• C) 7.59
• D) 1.6

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Definitions:

Break-Even

Break-even refers to the point at which total costs and total revenues are exactly equal, resulting in neither profit nor loss.

Variable Expense

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor costs.

Break-Even

The moment when total income matches total expenses, creating a situation with neither profit nor loss.

Unit Sales

The quantity of products sold by a company in a given period.