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Given Below Are the Analysis of Variance Results from a Minitab

question 24

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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.  Source DFSSMSFp Factor 313.5004.5005.170.011 Error 1613.9250.870 Total 1927.425\begin{array} { l | r | c | l | c | c } \text { Source } & \boldsymbol { D F } & \boldsymbol { S S } & \boldsymbol { M S } & \boldsymbol { F } & \boldsymbol { p } \\\hline \text { Factor } & 3 & 13.500 & 4.500 & 5.17 & 0.011 \\\hline \text { Error } & 16 & 13.925 & 0.870 & & \\\hline \text { Total } & 19 & 27.425 & & &\end{array}


Definitions:

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.

Stock Turn Rates

A measure of how quickly inventory is sold and replaced over a certain period.

Expenses Categories

The classification of expenditure that a business or individual incurs, organized into groups for financial tracking, analysis, and reporting.

Manufacturing

The process of producing goods and products in large quantities, often using machinery and in factories.

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