During a Study, Individuals Were Asked to Rate a Product

question 4

Essay

During a study, individuals were asked to rate a product on a scale of 1-5.From the following data, help the researcher determine whether any significant differences exist in opinions among individuals from different regions.(Note: Assume a significance level of 0.05 wherever necessary.)
$$\begin{array} { | c | c | c | } \hline \text { Quintasia } & \text { Paraland } & \text { Bayundera } \\\hline 3 & 1 & 5 \\\hline 4 & 4 & 1 \\\hline 2 & 2 & 3 \\\hline 5 & 2 & 2 \\\hline 1 & 3 & 2 \\\hline 5 & 5 & 5 \\\hline 3 & 5 & 1 \\\hline & 1 & 4 \\\hline & 4 & \\\hline & 2 & \\\hline\end{array}$$

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Definitions:

Correcting Entries

Adjustments made in the accounting records to rectify mistakes made in previous financial transactions or entries.

Post-closing Trial Balance

A list of all accounts and their balances after closing entries are made, used to verify the equality of debits and credits.

Balance Sheet Accounts

Accounts that are reported on the balance sheet and include assets, liabilities, and equity sections, reflecting the financial position of a company at a specific time.

Owner's Equity

The residual interest in the assets of a business after deducting its liabilities.