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SCENARIO 11-8 An important factor in selecting database software is the time required for a user to learn how to use the system.To evaluate three potential brands (A, B and C)of database software, a company designed a test involving five different employees.To reduce variability due to differences among employees, each of the five employees is trained on each of the three different brands. The amount of time (in hours)needed to learn each of the three different brands is given below: Below is the Excel output for the randomized block design:
-Referring to Scenario 11-8, the decision made at a 0.05 level of significance on the F test for the block effects implies that the blocking has been advantageous in reducing the experiment error.
Book Value Per Share
A financial measure that indicates the per share value of a company based on its equity available to shareholders.
Fixed Assets
Long-term tangible pieces of property that a firm owns and uses in its operations to generate income.
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