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SCENARIO 11-13
An important factor in selecting database software is the time required for a user to learn how to use
the system. To evaluate three potential brands (A, B and C) of database software, a company
designed a test involving five different employees. To reduce variability due to differences among
employees, each of the five employees is trained on each of the three different brands. The amount of
time (in hours) needed to learn each of the three different brands is given below:
-Referring to Scenario 11-13, the randomized block F test is valid only if there is no
interaction between the amount of time needed on the 3 brands of software and the 5 employees.
Agency Coupled With An Interest
An irrevocable agency agreement in which the agent is given an interest in the subject matter of the agency. Also called irrevocable agency.
Principal
The original sum of money borrowed in a loan, or the amount of the investment, not including the interest or profits.
Agency Relationship
A legal bond where one party, the agent, acts on behalf of another, the principal, in dealings with third parties.
Financial Year End
Financial year end is the completion of a one-year, or 12-month, accounting period; the date when companies must finalize their financial statements and report their financial performance.
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