A Random Sample of 30 Executives from Companies with Assets

question 2

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 following table summarized the results:
Using this output, what conclusions can you draw?

• A) Since the calculated F-value is smaller than the F-critical value, there is no significant difference in the incomes of these three groups.
• B) Since the calculated F-value is smaller than the F-critical value, there is a significant difference in the incomes of these 3 groups.
• C) Since the _P-value is 0.001, there is a 10% chance of these results happening when there is no significant difference in the incomes of these three groups.
• D) Since the calculated F-value is larger than the F-critical value, and the P-value is so small, there is strong evidence to suggest that all three groups with different levels of education Have the same incomes.
• E) Since the calculated F-value is larger than the F-critical value, and the P-value is so small, there is strong evidence to suggest that the three groups with different levels of education

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Definitions:

Operator

In programming, a symbol that represents an operation (like addition or comparison) performed on one or more operands.

Aggregate Function

A function in computing that performs a calculation on a set of values and returns a single value, often used in database queries.

Average Amount

The result obtained by adding several quantities together and then dividing this total by the number of quantities.

Start Date

The specified day when an event begins or a contract comes into effect.