SCENARIO 11-8 An Important Factor in Selecting Database Software Is the Time

question 73

Short Answer

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,what is the estimated relative efficiency?

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Definitions:

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculated as the return from an investment relative to its cost.

Performance Measure

Metrics or indicators used to evaluate, compare, and track the efficiency, effectiveness, and progress of an organization or its components.

Investment Turnover

A measure of a company's efficiency in generating sales from its assets, calculated as sales divided by the average invested assets.

Operating Income

A company's profit after subtracting operating expenses, such as wages and cost of goods sold, but before deducting interest and taxes.