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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
Give a practical conclusion for the test in the words of the problem. Use to make your conclusion.
Financial Market Panic
A widespread and abrupt drop in investor confidence that leads to a sharp sell-off in stock, bond, or other financial markets.
US Depositors
Refers to individuals or entities that deposit money in banks or financial institutions within the United States.
Chinese Yuan
The official currency of the People's Republic of China, used as the medium of exchange for goods and services within the country.
Currency Devaluation
The reduction of a currency's value in relation to foreign currencies, deliberately enacted by a country's government or monetary authority.
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