TABLE 11-3 As Part of an Evaluation Program, a Sporting Goods Retailer

question 26

Multiple Choice

TABLE 11-3
As part of an evaluation program, a sporting goods retailer wanted to compare the downhill coasting speeds of 4 brands of bicycles. She took 3 of each brand and determined their maximum downhill speeds. The results are presented in miles per hour in the table below.
Trial Barth Tornado Reiser Shaw
1 43 37 41 43
2 46 38 45 45
3 43 39 42 46
-Referring to Table 11-3, what should be the conclusion for the Levene's test for homogeneity of variances at a 5% level of significance?

• A) There is insufficient evidence that the variances are all the same.
• B) There is sufficient evidence that the variances are all the same.
• C) There is insufficient evidence that the variances are not all the same.
• D) There is sufficient evidence that the variances are not all the same.

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Definitions:

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or society.

Capital Per Employee

A measure of how much capital investment is allocated per employee, indicating the level of investment in tools, technology, and equipment to enhance productivity.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Physical Capital

Consists of tangible, man-made objects that a business uses to produce goods or services.