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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 F test for the block effects should be rejected at a 0.05 level of significance.
Economic Profit
The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.
Price Regulation
Government or regulatory authority control over the pricing of goods and services, often to prevent excessively high prices or monopolies.
Regulatory Agency
A governmental body responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.
Government
The governing body of a nation, state, or community, responsible for creating and enforcing laws and policies.
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