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The Long Term Care Plus Company has two service departments — actuarial and premium rating, and two operations departments — marketing and sales. The distribution of each service department's efforts to the other departments is shown below:The total cost accumulated in the marketing department using the step method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar; assume the actuarial department goes first) :
Total Mean
The overall average of a set of numerical values computed by summing them up and dividing by the count of numbers.
Independent Variables
Variables in an experiment that are manipulated or changed to observe their effect on dependent variables, without being influenced by other factors in the experiment.
Interaction Effect
A phenomenon in statistical analysis where the effect of one variable on an outcome depends on the level of another variable.
Main Effects
Main effects refer to the individual impact of independent variables on a dependent variable in factorial design or analysis of variance (ANOVA).
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