TABLE 11-8 An Important Factor in Selecting Database Software Is the Time

question 109

Short Answer

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, what is the value of the F test statistic for testing the block effects?

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Definitions:

Compensatory

Refers to something intended to recompense or make up for a loss, injury, or inconvenience.

Stock Option Plan

A compensation strategy businesses use to grant employees the option to purchase company stock at a discounted price in the future.

Market Price

Market Price is the current price at which an asset or service can be bought or sold in a given market.

Common Stock Option Warrants

Instruments that give the holder the right to purchase a company's common stock at a specified price before a certain expiry date, often attached to bonds or preferred stock.