Given Below Are the Analysis of Variance Results from a Minitab

question 31

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.
-Identify the p-value. $$\begin{array} { l r c c c c } \text { Source } & \text { DF } & \text { SS } & \text { MS } & \text { F } & \text { P } \\\text { Factor } & 3 & 30 & 10.00 & 1.6 & 0.264 \\\text { Error } & 8 & 50 & 6.25 & & \\\text { Total } & 11 & 80 & & &\end{array}$$

• A) 0.264
• B) 6.25
• C) 10.00
• D) 1.6

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Definitions:

Mall of America

A large shopping mall located in Minnesota, USA, known for being one of the largest malls in the country by total area and stores.

Maintained Markup

The difference between the cost of a product and its selling price, kept consistent to achieve a targeted profit margin over time.

Original Markup

The difference between the cost price and the initial selling price set by a retailer for a product.

Markup

The amount added to the cost price of goods to cover overhead and profit; the difference between the cost of a good/service and its selling price.