Given Below Are the Analysis of Variance Results from a Minitab

question 47

Multiple Choice

Given below are the analysis of variance results from a Minitab display. Assume that you want to use a 0.05 significance level in testing the null hypothesis that the different samples come from populations with the same mean.
- $$\begin{array} { l r c l c c } \text { Source } & \text { DF } & \text { SS } & \text { MS } & \text { F } & \text { p } \\\text { Factor } & 3 & 13.500 & 4.500 & 5.17 & 0.011 \\\text { Error } & 16 & 13.925 & 0.870 & & \\\text { Total } & 19 & 27.425 & & &\end{array}$$ Identify the p-value.

• A)0.011
• B)4.500
• C)5.17
• D)0.870

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Definitions:

Inventory Level

The quantity of goods or materials on hand at any given time, which is crucial for meeting demand without excessive holding costs.

Replenish

The process of filling or restocking products, supplies, or inventory to return to a desired level.

ABC Analysis

ABC Analysis is an inventory categorization technique that divides items into three categories (A, B, and C) based on their importance and value, with A being the most valuable.

Critical Items

Goods or components crucial for the manufacturing process or customer satisfaction, often given higher priority in inventory management.