Cindy Ho, VP of Finance at Discrete Components, Inc $\alpha$ = 001, the Appropriate Decision Is ___

question 9

Multiple Choice

Cindy Ho, VP of Finance at Discrete Components, Inc. (DCI) , theorizes that the discount level offered to credit customers affects the average collection period on credit sales. Accordingly, she has designed an experiment to test her theory using four sales discount rates (0%, 2%, 4%, and 6%) by randomly assigning five customers to each sales discount rate. An analysis of Cindy's data produced the following ANOVA table: Using $\alpha$ = 0.01, the appropriate decision is ___.

• A) reject the null hypothesis \(\mu\)₁=\(\mu\)₂=\(\mu\)₃=\(\mu\)₄
• B) reject the null hypothesis \(\mu\)₁\(\neq\) \(\mu\)₂ \(\neq\) \(\mu\)₃\(\neq\) \(\mu\)₄
• C) do not reject the null hypothesis \(\mu\)₁=\(\mu\)₂=\(\mu\)₃=\(\mu\)₄=\(\mu\)₅
• D) do not reject the null hypothesis \(\mu\)₁\(\neq\) \(\mu\)₂ \(\neq\) \(\mu\)₃\(\neq\) \(\mu\)₄\(\neq\)\(\mu\)₅
• E) do nothing

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Definitions:

Universality

The quality of being true or applicable in all situations, cultures, or cases.

Conformity

Conformity is the act of matching attitudes, beliefs, and behaviors to group norms or expectations, often exerting a powerful influence on individual actions and decisions.

Information Processing

A framework in psychology and cognitive science that describes how the mind processes incoming information, makes decisions, and forms memories.

Social Learning

Social learning is the process by which individuals learn new behaviors, attitudes, and values by observing the actions and outcomes of others' behaviors.