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TABLE 11-8
An important factor in selecting database software is the time required for a user to learn how to use the system. To evaluate three potential brands (A, B and C) of database software, a company designed a test involving five different employees. To reduce variability due to differences among employees, each of the five employees is trained on each of the three different brands. The amount of time (in hours) needed to learn each of the three different brands is given below:
Below is the Excel output for the randomized block design:
-Referring to Table 11-8, the null hypothesis for the randomized block F test for the difference in the means is
Loanable Funds
The total amount of financial capital available for borrowing in financial markets.
Investment Projects
Initiatives undertaken by individuals, companies, or governments to allocate resources in the expectation of future financial returns.
Usury Laws
Regulations that set maximum interest rates which can be charged on loans, to protect borrowers from excessively high rates.
Interest Rates
The cost of borrowing money, typically expressed as a percentage of the principal, paid to lenders over a period.
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