TABLE 11-7
A student team in a business statistics course designed an experiment to investigate whether the brand of bubblegum used affected the size of bubbles they could blow. To reduce the person-to-person variability, the students decided to use a randomized block design using themselves as blocks. Four brands of bubblegum were tested. A student chewed two pieces of a brand of gum and then blew a bubble, attempting to make it as big as possible. Another student measured the diameter of the bubble at its biggest point. The following table gives the diameters of the bubbles (in inches) for the 16 observations.
-Referring to Table 11-7, the relative efficiency means that 1.0144 times as many observations in each brand would be needed in a one-way ANOVA design as compared to the randomized block design in order to obtain the same precision for comparison of the different means.
Definitions:
Long-Term Course
A strategy or plan that is intended to be implemented or unfold over an extended period.
Strategy
A plan of action designed to achieve a long-term or overall aim, typically involving the allocation of resources and decision-making processes.
Corporate Level
Relating to high-level strategic decisions made at the upper echelons of a business organization.
Top Management
The highest level of executives and decision-makers in an organization, responsible for determining its overarching strategy and policies.
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