A Two-Factor Analysis of Variance Is Conducted to Test the Effect

question 72

Multiple Choice

A two-factor analysis of variance is conducted to test the effect the price and advertising have on sales of a particular brand of bottled water. Each week a combination of particular levels of price and advertising are used and the sales level is recorded. The computer results are shown below. How many replications were used in this study?

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Long-Term Debt Ratio

A financial ratio that measures the proportion of a company's total debt that is due more than one year in the future.

Common-Base Year Value

A method used in economics and financial analysis to adjust values for comparison by fixing the prices of goods and services to a specific base year, neutralizing the effect of inflation.

Accounts Receivable

Funds that customers owe to a company for products or services they have received but have not yet compensated for.

Inventory

The total amount of goods that a company holds, intending to sell them in the normal course of business.