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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Discount Rate

The rate of interest imposed on loans obtained by commercial banks and other depository institutions from the Federal Reserve's discount window.

Actual Interest Rate

The real rate of interest earned or paid on an investment, loan, or other financial product, taking into account the effects of compounding.

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A financial instrument or promissory note that does not accrue interest over time, meaning the borrower repays only the principal amount.