A Study Was Conducted to Determine If Differences in New

question 116

Multiple Choice

A study was conducted to determine if differences in new textbook prices exist between on-campus bookstores,off-campus bookstores,and Internet bookstores.To control for differences in textbook prices that might exist across disciplines,the study randomly selected 12 textbooks and recorded the price of each of the 12 books at each of the three retailers.You may assume normality and equal-variance assumptions have been met.The partially completed ANOVA table based on the study's findings is shown here: Complete the ANOVA table by filling in the missing sums of squares,the degrees of freedom for each source,the mean square,and the calculated F-test statistic for each possible hypothesis test.

• A)Textbooks df = 11,MSBL = 1,511.3,F (Textbooks)= 40.05,Retailer df = 2,MSB = 1.2, ,SSW = 851.2,Error df = 22,MSW = 38.7,Total df = 35
• B)Textbooks df = 11,MSBL = 1,511.3,F (Textbooks)= 39.05,Retailer df = 2,MSB = 1.2, ,SSW = 851.2,Error df = 22,MSW = 38.7,Total df = 35
• C)Textbooks df = 12,MSBL = 1,511.3,F (Textbooks)= 39.05,Retailer df = 2,MSB = 1.2, ,SSW = 851.2,Error df = 22,MSW = 38.7,Total df = 36
• D)Textbooks df = 11,MSBL = 1,511.3,F (Textbooks)= 39.05,Retailer df = 2,MSB = 1.2,

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Definitions:

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly removed from the accounts when deemed irrecoverable.

Materiality Constraint

An accounting principle that allows the omission or misstatement of figures that are not significant enough to influence the decision-making process of users of financial statements.

Expense Recognition Principle

An accounting principle that dictates the timing of reporting an expense, aligning it with the revenue it generates to accurately reflect financial performance.

Direct Write-off Method

An accounting method where uncollectable accounts receivable are directly written off against income at the time they are deemed nonrecoverable.