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Pate's Pharmacy, Inc α\alpha = 005, the Observed F Value Is ___

question 24

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Pate's Pharmacy, Inc. operates a regional chain of 120 pharmacies. Each pharmacy's floor plan includes a greeting card department which is relatively isolated. Sandra Royo, Marketing Manager, feels that the level of lighting in the greeting card department may affect sales in that department. She chooses three levels of lighting (soft, medium, and bright) and randomly assigns six pharmacies to each lighting level. Analysis of Sandra's data yielded the following ANOVA table:  Pate's Pharmacy, Inc. operates a regional chain of 120 pharmacies. Each pharmacy's floor plan includes a greeting card department which is relatively isolated. Sandra Royo, Marketing Manager, feels that the level of lighting in the greeting card department may affect sales in that department. She chooses three levels of lighting (soft, medium, and bright)  and randomly assigns six pharmacies to each lighting level. Analysis of Sandra's data yielded the following ANOVA table:   Using  \alpha  = 0.05, the observed F value is ___. A)  0.5022 B)  0.1333 C)  1.9911 D)  7.5000 E)  1.000 Using α\alpha = 0.05, the observed F value is ___.


Definitions:

Evaluating

The process of assessing or examining something with the possible intent of instituting change based on that assessment.

Unit Costs

The cost incurred to produce, store, and sell one unit of a product, calculated by dividing the total costs by the number of units produced.

Absorption Costing

Absorption costing is an accounting method that includes all direct and indirect manufacturing costs in the cost of a product.

Manager Bonuses

Extra compensation awarded to managers based on performance criteria or company profitability.

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