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307 Diamonds Were Sampled and Randomly Sorted into Three Groups

question 86

Multiple Choice

307 diamonds were sampled and randomly sorted into three groups of diamonds. These diamonds were randomly assigned to one of the three organizations, or groups (HRD, GIA, or IGI) , that
Certify the appraisal of diamonds. A study was conducted to determine if the average size of
Diamonds reported by these three certification groups differ. A completely randomized design was
Used and the resulting ANOVA table is shown below. One-Way AOV for CARAT by CERT
 Source  DF  SS  MS  F  P  CERT 28.32654.1632683.210.0000 Error 30515.26040.05003 Total 30723.5869\begin{array}{llcccc}\text { Source } & \text { DF } & \text { SS } & \text { MS } & \text { F } & \text { P } \\\hline \text { CERT } & 2 & 8.3265 & 4.16326 & 83.21 & 0.0000 \\\text { Error } & 305 & 15.2604 & 0.05003 & & \\\text { Total } & 307 & 23.5869 & & &\end{array}

Specify the null hypothesis for a test to compare the mean size of a diamond for the three certification groups (HRD, GIA, and IGI) .


Definitions:

Cash Payout

The distribution of funds or payments, often from a corporation or investment, to shareholders or investors.

Beginning Inventory

Beginning inventory refers to the value of goods available for sale or use at the start of an accounting period.

September

September is the ninth month of the year in the Gregorian calendar, marking the transition from summer to autumn in the Northern Hemisphere.

Total Cost

The aggregate amount of money spent on or required for goods or services, including direct and indirect costs.

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