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

question 59

True/False

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 relative efficiency means that 15.23 times as many observations in each brand would be needed in a one-way ANOVA design as compared to the randomized block design in order to obtain the same precision for comparison of the different means.

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Definitions:

Rising Prices

A scenario where the general level of prices of goods and services in an economy increases over time, often measured by inflation rates.

Income Taxes

Income taxes are taxes levied by governments on the profit of companies and income of individuals, subject to diverse regulations and rates.

LIFO Advantage

A financial benefit that comes from using the Last In, First Out method of inventory valuation, often resulting in lower taxes in periods of inflation.

Rising Prices

A situation in an economy where the general level of prices for goods and services is increasing, often referred to as inflation.