Perform the Indicated One-Way ANOVA Test $$\alpha = 0.05$$

question 73

Essay

Perform the indicated one-way ANOVA test. Be sure to do the following: identify the claim and state the null and
alternative hypotheses. Determine the critical value and rejection region. Calculate the test statistic F. Decide to reject
or to fail to reject the null hypothesis and interpret the decision in the context of the original claim. Assume that each
population is normally distributed and that the population variances are equal.
-Test the claim that the populations have the same mean. Use $$\alpha = 0.05$$ $$\begin{array} { l l l } \hline \text { Brand 1 } & \text { Brand 2 } & \text { Brand 3 } \\\hline \mathrm { n } = 8 & \mathrm { n } = 8 & \mathrm { n } = 8 \\\overline { \mathrm { x } } = 3.0 & \overline { \mathrm { x } } = 2.6 & \overline { \mathrm { x } } = 2.6 \\\mathrm {~s} = 0.50 & \mathrm {~s} = 0.60 & \mathrm {~s} = 0.55 \\\hline\end{array}$$

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Definitions:

Inventory Carrying Costs

Inventory carrying costs include the total expenses associated with holding and storing unsold goods, such as warehousing, insurance, depreciation, and opportunity costs.

Disintermediation

Elimination of intermediaries, such as distribution centers, in the delivery of products from a producer to a consumer.

Distribution Centers

Facilities that store and distribute a company's inventory to retail locations or directly to customers.

Value Chain

A model that outlines the series of activities that add value to a company's products or services, from conception to delivery and beyond.