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Cindy Smith, VP of Finance at Digital Components, Inc α\alpha = 001, the Appropriate Decision Is ___

question 53

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Cindy Smith, VP of Finance at Digital Components, Inc.(DCI) , theorizes that the discount level offered to credit customers affects the average collection period on credit sales.Accordingly, she has designed an experiment to test her theory using four sales discount rates (0%, 2%, 4%, and 6%) by randomly assigning five customers to each sales discount rate.An analysis of Cindy's data produced the following ANOVA table:  Cindy Smith, VP of Finance at Digital Components, Inc.(DCI) , theorizes that the discount level offered to credit customers affects the average collection period on credit sales.Accordingly, she has designed an experiment to test her theory using four sales discount rates (0%, 2%, 4%, and 6%) by randomly assigning five customers to each sales discount rate.An analysis of Cindy's data produced the following ANOVA table:   Using  \alpha  = 0.01, the appropriate decision is ___. A) reject the null hypothesis  \mu <sub>1</sub>= \mu <sub>2</sub>= \mu <sub>3</sub>= \mu <sub>4</sub>  B) reject the null hypothesis  \mu <sub>1</sub>  \neq   \mu <sub>2</sub>  \neq\mu <sub>3</sub>  \neq\mu <sub>4</sub> C) do not reject the null hypothesis  \mu <sub>1</sub>= \mu <sub>2</sub>= \mu <sub>3</sub>= \mu <sub>4</sub>= \mu <sub>5</sub>  D) do not reject the null hypothesis  \mu <sub>1</sub>  \neq   \mu <sub>2</sub>  \neq\mu <sub>3</sub>  \neq\mu <sub>4</sub> \neq\mu <sub>5</sub> E) do nothing Using α\alpha = 0.01, the appropriate decision is ___.


Definitions:

Neutrons

Neutral, subatomic particles found in the nucleus of an atom, contributing to the atom's mass but not its charge.

Protons

Protons are positively charged subatomic particles found within the nucleus of an atom and contribute to the atom's overall charge and mass.

Orbiting

The act of one object moving around another in a path called an orbit, due to gravitational forces.

Nucleus

The membrane-bound organelle found in eukaryotic cells that contains most of the cell's genetic material.

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