Give the Amount of a 5% Offer on a Car

question 157

Short Answer

Give the amount of a 5% offer on a car that has a sticker price of $16,480 and a dealer's cost of $14,997 . Round your answer to the nearest dollar.
$ __________

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Definitions:

One-Way ANOVA

A statistical test that assesses whether there are any statistically significant differences between the means of three or more independent (unrelated) groups.

F Statistic

A ratio used in the analysis of variance (ANOVA) to determine whether the means of several groups are equal.

ANOVA Table

A table used in analysis of variance that shows the sources of variability in the data and helps in determining whether there are significant differences between group means.

Pooled Standard Deviation

A method for estimating the standard deviation across two or more independent groups that assumes a common true standard deviation.