A Fast Food Chain Operation Is Interested in Determining Whether

question 110

Multiple Choice

A fast food chain operation is interested in determining whether the mean per customer purchase differs by day of the week.To test this,it has selected random samples of customers for each day of the week.The analysts then ran a one-way analysis of variance generating the following output: ANOVA: Single Factor Based upon this output,which of the following statements is true if the test is conducted at the 0.05 level of significance?

• A)There is no basis for concluding that mean sales is different for the different days of the week.
• B)Based on the p-value,the null hypothesis should be rejected since the p-value exceeds the alpha level.
• C)The experiment is conducted as an unbalanced design.
• D)Based on the critical value,the null should be rejected.

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Definitions:

Misrepresentation

A false statement or deception made by one party that induces another to enter into a contract or agreement.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Liable

Being legally responsible for something, especially in terms of owing money or being obligated to perform under the terms of a contract.

Real Estate Agent

A professional authorized to negotiate and conduct real estate transactions on behalf of sellers and buyers.