A Two-Way ANOVA Summary Table Is Shown Below The Critical Value for The

question 5

Multiple Choice

A Two-Way ANOVA Summary Table is shown below.
$\begin{array}{lcrcc}\text { Source } & \text { SS } & \text { d.f. } & \text { MS } & \text { F } \\\text { Factor A } & 6.05 & 2 & 3.02 & 2.16 \\\text { Factor B } & 3.78 & 2 & 1.89 & 1.35 \\\text { Interaction A } \times \text { B } & 7.90 & 4 & 1.97 & 1.41 \\\text { Within (error) } & 75.60 & 54 & 1.4 & \\\text { Total } & 93.324 & 62 & &\end{array}$

The critical value for the $F$ -test using $\alpha = 0.05$ , d.f.N. $= 2$ , and d.f.D $= 54$ is $3.17$ . Then,

• A) The null hypothesis concerning Factor A should be rejected
• B) The null hypothesis concerning Factor A and the Interaction (A × B) effect should be rejected
• C) The null hypothesis concerning Factor B should be rejected
• D) All of the null hypotheses should be accepted

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Definitions:

Standard Price

A predetermined cost or selling price of a product or service, often used in budgeting and accounting to measure variances in actual cost or price.

Direct Materials

Raw materials directly used in the manufacturing of a product, easily traceable to the finished product.

Purchasing Department

A division within a business that is responsible for acquiring goods, services, and materials necessary for the company's operations.

Fixed Factory Overhead Volume Variances

The difference between the budgeted and the actual volume of production, affecting the fixed factory overhead costs.