Find the Critical $$\mathrm { F } _ { 0 }$$

question 26

Multiple Choice

Find the critical $$\mathrm { F } _ { 0 }$$ -value to test the claim that the populations have the same mean. Use $$\alpha = 0.05 \text {. }$$ $$\begin{array} { l c l } \hline \text { Brand 1 } & \text { Brand 2 } & \text { Brand 3 } \\\hline \mathrm { n } = 8 & \mathrm { n } = 8 & \mathrm { n } = 8 \\\overline { \mathrm { x } } = 3.0 & \overline { \mathrm { x } } = 2.6 & \overline { \mathrm { x } } = 2.6 \\\mathrm {~s} = 0.50 & \mathrm {~s} = 0.60 & \mathrm {~s} = 0.55 \\\hline\end{array}$$

• A)3.47
• B)3.210
• C)2.819
• D)1.892

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Definitions:

Inelastic Demand

Inelastic demand occurs when the quantity demanded of a good or service changes minimally in response to price changes, indicating consumers' low sensitivity to price variations.

Subsidy Benefit

Financial assistance granted by a government, organization, or individual to support economic activities deemed beneficial, lowering the cost to the consumer or producer.

Statutorily Granted

Rights or privileges given or controlled by laws or statutes rather than by common law or equity.

Subsidy Benefit

Financial support provided by the government or an organization to reduce the cost of goods or services for the end-user.