A Study Utilizes ANOVA to Examine the Average Distribution Rates

question 14

Multiple Choice

A study utilizes ANOVA to examine the average distribution rates of an antibiotic in infants, toddlers and school age children. The results include an F statistic that is 1.04. You know this means:

• A) There is a statistically significant difference in the average distribution rates in the three groups.
• B) Infants distribute the antibiotic faster because they have a higher percentage of fluid in their bodies.
• C) The differences between the groups are similar to the differences within the groups.
• D) There is NOT a statistically significant difference in between the groups.

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Definitions:

Supply Chain Surplus

The total value created in a supply chain, measured as the difference between the value of the final product to the customer and the costs incurred in bringing the product to market.

Sourcing Processes

The procedures and steps taken by a company to identify, evaluate, and contract suppliers for goods and services.

Sourcing Strategy

The approach a company takes to determine how and where it will obtain its products or services.

Lowest Possible Cost

The minimal expense incurred in the production or procurement of goods, often pursued through efficient processes and economies of scale.