A Random Sample of 25 Executives from Companies with Assets

question 87

Multiple Choice

A random sample of 25 executives from companies with assets over $1 million was selected and
Asked for their annual income and level of education. The following Excel printout summarized the
Results:

• A) Since the calculated F-value is smaller than the F-critical value, there is a significant difference in the incomes of these 3 groups.
• B) Since the calculated F-value is smaller than the F-critical value, there is no significant difference in the incomes of these three 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:

WordPerfect

A word processing software that has been widely used for document creation, editing, and formatting, known for its reveal codes feature.

Floppy Disk

A type of disk storage composed of a disk of thin and flexible magnetic storage medium, enclosed in a square or rectangular plastic shell.

Mechanical Calculator

An early computing device used for performing mathematical operations that operates through mechanical components like gears and levers.

Punch Cards

Physical cards with holes punched in predefined positions used historically for data storage and processing, particularly in early computing and voting systems.