307 Diamonds Were Sampled and Randomly Sorted into Three Groups $\mu \mathrm { HRD } \& \mu _ { \mathrm { GIA } }$

question 70

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 Bonferroni multiple comparison results are shown below. Bonferroni All-Pairwise Comparisons Test of CARAT by CERT


Give the population mean(s) which are in the statistically largest group.

• A) \(\mu \mathrm { HRD } \& \mu _ { \mathrm { GIA } }\)
• B) \(\mu \mathrm { HRD }\)
• C) \(\mu _ { \mathrm { GIA } }\)
• D) \(\mu \mathrm { IGI }\)

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Close Account Year-End

The process of updating account balances and summarizing a company's financial activities to prepare for the next accounting period.

Interest Revenue

Income earned from lending funds or through investing in interest-bearing financial instruments.

Gain Sale Building

The profit realized from the sale of a building asset.