A Random Sample of 30 Executives from Companies with Assets

question 58

Multiple Choice

A random sample of 30 executives from companies with assets over $1 million was selected and
Asked for their annual income and level of education. The ANOVA comparing the average income
Among three levels of education rejected the null hypothesis. The Mean Square Error (MSE) was
243) 7. The following table summarized the results:
Based on the comparison between the mean annual incomes for executives with Undergraduate
And Master's Degree or more.

• A) a confidence interval shows that the mean annual incomes are not significantly different.
• B) the ANOVA results show that the mean annual incomes are significantly different.
• C) a confidence interval shows that the mean annual incomes are significantly different.
• D) the ANOVA results show that the mean annual incomes are not significantly different.

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Definitions:

Major Categories

Broad, overarching groups or classes into which items, ideas, or phenomena are classified based on shared characteristics or attributes.

Inventory Items

Goods or products that a business holds for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.

Periodic Inventory System

An inventory accounting method where inventory and cost of goods sold are determined at the end of an accounting period based on a physical count.

Ending Inventory

Ending inventory is the total value of all inventory, including raw materials, work-in-progress, and finished goods, that a company has at the end of its fiscal period.