A Test Involving Three Brands of Cell Phone Was Conducted

question 58

Multiple Choice

A test involving three brands of cell phone was conducted to compare the brands with respect to the average number of battery recharges before the battery no longer functioned properly.Ten phones of each brand were tested, with the following results: Number of recharges before battery no longer functions
At a 5% significance level, test the hypothesis that the average maximum number of recharges is equal for the three brands.What is the F statistic (F_stat) for the test?

• A)3.391
• B)4.962
• C)3.520
• D)7.250

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Definitions:

Treasury Shares

Stocks that the original issuing company repurchased, subsequently decreasing the quantity of available shares in the market.

Percent Ownership

The percentage of an entity or asset owned by an investor or company, often determining the level of control or influence.

Excess Acquisition-Date Fair Value

Refers to the amount by which the fair value of the acquired net assets exceeds the purchase consideration in a business combination.

Indirect Method

A method used in cash flow statement preparation that adjusts net income for non-cash transactions.