A Researcher Wishes to Compare the Average Number of Product

question 36

Multiple Choice

A researcher wishes to compare the average number of product sales between stores in Melbourne, Sydney and Brisbane. To examine this, an appropriate statistical test would be a(n) :

• A) one-way ANOVA.
• B) paired samples t-test.
• C) independent samples t-test.
• D) n-way ANOVA.

---

Definitions:

Variable Life Insurance

A type of life insurance where the cash value and death benefit vary based on the performance of investments chosen by the policyholder.

Keogh Plans

Tax-deferred pension plans for self-employed individuals or unincorporated businesses, allowing for contributions to be made towards retirement savings.

Defined Contribution Plans

Pension plans in which the employer is committed to making contributions according to a fixed formula.

Defined Contribution Plan

A retirement plan where an employer, employee, or both make contributions on a regular basis, with future benefits dependent on investment performance.