In a Study to Determine the Least Amount of Time

question 83

Multiple Choice

In a study to determine the least amount of time necessary to clean an SUV while maintaining a high quality standard, the owner of a chain of car washes designed an experiment where 20
Employees were divided into four groups, each with five members. Each member of each group
Was assigned an SUV to clean within a certain time limit. The time limits for the groups were 20
Minutes, 25 minutes, 30 minutes, and 35 minutes. After the time limits for each group had expired,
The owner inspected each SUV and rated the quality of the cleaning job on a scale of 1 to 10. What
Are the factor levels for this study?

• A)the quality ratings: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10
• B)the number of employees in each group: 5
• C)the number of groups: 4
• D)the time limits: 20 min, 25 min, 30 min, 35 min

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Definitions:

Private Investment

The expenditure on capital goods by private sector firms or individuals to increase their production capacity or asset portfolio.

Government Spending

The total amount of money spent by the government on various services and projects, including education, defense, infrastructure, and welfare programs.

Crowding-Out Effect

Describes a situation in economics where increased public sector spending reduces or eliminates private sector spending, often due to higher interest rates or borrowed funds.

Private Saving

The portion of individual or household income that is not spent on consumption but saved for future use.