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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, what is the estimated relative efficiency?
Cash Payment
A transaction in which money is paid immediately at the time of purchase, not on credit.
Journal Entry
A record in accounting that documents a business transaction, including the accounts and amounts affected.
Prepaid Insurance
The cost of insurance premiums that have been paid in advance for future coverage, recorded as an asset on the balance sheet.
Accounts Receivable
Receivables from customers for goods or services that have been used or delivered, but remain unpaid.
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