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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, based on the Tukey-Kramer procedure with an overall level of significance of 0.05, the retailer would decide that the 3 means other than the mean for Tornado are not significantly different from each other.
BPR
Business Process Reengineering (BPR) involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.
Porter's Five Forces
A framework for analyzing an industry's competitiveness and potential profitability through five forces: competitive rivalry, bargaining power of suppliers, bargaining power of buyers, threat of new entrants, and threat of substitute products.
Web
A system of interconnected documents and resources, linked by hyperlinks and URLs, accessible over the Internet.
Home Town
The town or city where a person was born or grew up, or where they feel a deep emotional attachment due to long term residence or personal experiences.
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