SCENARIO 11-7 a Student Team in a Business Statistics Course Designed an Designed

question 110

Short Answer

SCENARIO 11-7
A student team in a business statistics course designed an experiment to investigate whether the brand of bubblegum used affected the size of bubbles they could blow.To reduce the person-to-person variability,the students decided to use a randomized block design using themselves as blocks.
Four brands of bubblegum were tested.A student chewed two pieces of a brand of gum and then blew a bubble,attempting to make it as big as possible.Another student measured the diameter of the bubble at its biggest point.The following table gives the diameters of the bubbles (in inches)for the 16 observations.

-Referring to Scenario 11-7,the value of MSA is_____ ,while MSBL is_____ .

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Definitions:

IRS

Internal Revenue Service, the U.S. government agency responsible for tax collection and tax law enforcement.

SEC Regulations

The rules and regulations enforced by the Securities and Exchange Commission (SEC) that govern securities and financial markets in the United States.

Stock Market Crash

A rapid and significant decline in the stock market prices, which can lead to a widespread panic among investors and significantly affect the overall economy.

Stock Repurchase

A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares.