Use the Following Information to Answer the Question $= 462.5$ Variation Within Groups

question 9

Multiple Choice

Use the following information to answer the question. Researchers want to test whether the color of a vehicle ticketed for
speeding has an effect on the amount of the ticket. Four vehicle colors were used for the study--red, white, black, and silver.
Thirty vehicles were randomly assigned to each group. Use the output below to answer the question. One-way ANOVA
Variation between groups $= 462.5$
Variation within groups $= 388.54$
$\mathrm { p } = .3547790947$
-Choose the correct conclusion for the hypothesis that vehicle color affects the amount of a speeding ticket. Assume all ANOVA test conditions have been satisfied.

• A) Reject \(\mathrm { H } _ { 0 }\). The vehicle color has no effect on the amount of the speeding ticket.
• B) Fail to reject \(\mathrm { H } _ { 0 }\). The vehicle color has no effect on the amount of the speeding ticket.
• C) Reject \(\mathrm { H } _ { 0 }\). The vehicle color has an effect on the amount of the speeding ticket.
• D) Fail to reject \(\mathrm { H } _ { 0 }\). The vehicle color has an effect on the amount of the speeding ticket.

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Definitions:

Unrealized Loss

A loss that results from holding on to an asset that has decreased in price, but has not yet been sold or officially recorded in the financial statements.

Fair Value

The estimated market price of an asset or liability, considering factors like utility, demand, and supply conditions, to ensure an accurate valuation.

Unrealized Gains

Profits that have been made on paper through investments but have not yet been realized through the sale of those assets.

Common Stock

A type of ownership in a corporation, typically with voting rights and participation in dividends.