Growing a Web-Development Company (Scenario)

question 2

Multiple Choice

Growing a Web-Development Company (Scenario)
Vincent and Alice are partners in a one-year-old web development business called Spy-der Web Execution. Vincent comes from a graphic design background and specializes in the look and feel of web projects. Alice comes from the computer gaming industry and is a highly experienced programmer and web developer—with a particular leaning toward Wordpress as a website backbone.
So far they have brought in less business than they had anticipated—about 25 percent less. As a result, they are operating at just a little below break even, and it is costing them about $500 a month to cover expenses (including rent on a small office space where they meet clients) . The situation is disappointing and was not anticipated by either Vincent or Alice.
As with many businesses like this that are easy to get into with little investment, they did not do a full feasibility study or business plan. They are unsure about how to divide up their responsibilities (who is responsible for what) , and therefore neither person is proactively going after new business, managing each project's budget, and determining even if they are making money on the work.
You are now in the role of advising the partners about a number of issues.
-Although a seemingly backwards step,doing a thorough evaluation of their business idea might be a wise exercise because Vincent and Alice could discover answers to some important questions such as ________.

• A)Are you ready to work hard?
• B)Does the marketplace need you?
• C)Do you have a full support of your family?
• D)Do you ever plan on having the time for a personal life in the near future?

Understand how to perform and interpret multiple comparison tests following ANOVA.

Recognize the importance of assumptions in statistical tests like normality, equal variance, and independence.

Apply critical thinking to evaluate the outcomes of statistical tests and their applicability to real-world scenarios.

Understand the basic principles and purpose of ANOVA.

---

Definitions:

Cerebral Artery

A Cerebral Artery is a blood vessel that supplies blood to the brain, helping deliver oxygen and nutrients critical for its function.

Aortic

Relating to the aorta, the largest artery in the body, which carries oxygenated blood from the heart to the rest of the body.

Cusps

Pointed or rounded projections on the chewing surface of teeth, or flap-like structures in the heart valves.

AV Valve

Short for atrioventricular valve, it relates to the valves between the atria and ventricles of the heart that prevent backflow of blood.