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

question 189

Short Answer

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 is the critical value of Levene's test for homogeneity of variances at a 5% level of significance?

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Definitions:

Monthly Ending Inventories

The quantities and valuation of goods available for sale or use, recorded at the end of each month.

Budgeted Production

The estimated amount of goods that a company plans to produce in a certain period, used in planning and cost control.

Merchandise Purchases

The total cost of goods bought for resale during a specific accounting period, excluding any discounts or allowances.

Cash Disbursements

The total payments made by a business for various purposes, including expenses, purchases, and debt repayment.